Earnings, RBC, and their Hedge Client
Message ID: 98374
Posted By: manyhats23
Posted On: 2004-02-26 06:48:00
Subject: Earnings, RBC, and their Hedge Client
Recs: 3
Several events are converging within the next few days. The earnings call (a horror show) as well as the securities registration will make the next five trading days fun to watch.
But one thing stands out that we all forgot .... Cohen, RBC, and Cohen's hedge fund. I remember the research not too long ago on Cohen's hedge fund. It was pretty much agreed that this was the RBC client, and that this is to hedge Cohen/Royce's long holdings in SCOX.
Now as SCOX approaches the cliff (like Wyle E. Coyote) what is there to stop Cohen from pulling the rug out? (This, of course, assumes that Cohen's hedge fund is the RBC client) My personal belief is that Cohen/Royce doesn't want to have any questions about manipulation, so they are waiting for a bad event (like the earnings call) to pull the trigger and exit.
I respect Korbomite, but I have to disagree. With MSFT getting hammered in Japan, the traders probably will rush to "real" IT companies (IBM, etc). I have to believe that at least some of the traders know SCOX is a scam.
And lastly .... GWD spoke of a suit against Google. While this sounds tempting (to Darl) from a FUD perspective, it will absolutely destroy SCOX. Whatever positive view ANY trader had would disappear. Think: Wall St. WANTS a Google IPO so they can return to the heyday of big money IPOs. Wall St would crush SCOX like a bug if they interfered with what could be a huge profitable IPO. (Even though the IPO is not happening soon)
--m
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The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "manyhats23"
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Posted By: manyhats23
Posted On: 2004-02-26 06:48:00
Subject: Earnings, RBC, and their Hedge Client
Recs: 3
Several events are converging within the next few days. The earnings call (a horror show) as well as the securities registration will make the next five trading days fun to watch.
But one thing stands out that we all forgot .... Cohen, RBC, and Cohen's hedge fund. I remember the research not too long ago on Cohen's hedge fund. It was pretty much agreed that this was the RBC client, and that this is to hedge Cohen/Royce's long holdings in SCOX.
Now as SCOX approaches the cliff (like Wyle E. Coyote) what is there to stop Cohen from pulling the rug out? (This, of course, assumes that Cohen's hedge fund is the RBC client) My personal belief is that Cohen/Royce doesn't want to have any questions about manipulation, so they are waiting for a bad event (like the earnings call) to pull the trigger and exit.
I respect Korbomite, but I have to disagree. With MSFT getting hammered in Japan, the traders probably will rush to "real" IT companies (IBM, etc). I have to believe that at least some of the traders know SCOX is a scam.
And lastly .... GWD spoke of a suit against Google. While this sounds tempting (to Darl) from a FUD perspective, it will absolutely destroy SCOX. Whatever positive view ANY trader had would disappear. Think: Wall St. WANTS a Google IPO so they can return to the heyday of big money IPOs. Wall St would crush SCOX like a bug if they interfered with what could be a huge profitable IPO. (Even though the IPO is not happening soon)
--m
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "manyhats23"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------