Shorting Acacia

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  • Giorgio_Xo
    Confirmed User
    • Mar 2003
    • 4263
    #1

    Shorting Acacia

    I think it is time to crank up the brokerage account and short Acacia stock. At $1.70 a share and $32 million in market cap, it should be easy to have some fun. The float is about 2/3 of the outstanding shares, which means company insiders surprisingly own very little.

    http://biz.yahoo.com/p/a/actg.html
    Make Levees, Not War
    Tags: None
    • BRISK
      Too lazy to set a custom title
      • Feb 2003
      • 12240
      #2
      They release Q2 earnings on Monday I think, should be interesting to see how much they keep losing
      I post on GFY so that when people ask me what I do,
      I can tell them that I work with the mentally retarded.

        Comment

        • Giorgio_Xo
          Confirmed User
          • Mar 2003
          • 4263
          #3
          Another option is to create an investment fund to buy enough shares to cause them to change their tune... 10%?

          Funny... they hold more cash than what the company is worth. We could force them to buyout the float and use up their cash.
          Make Levees, Not War

            Comment

            • BRISK
              Too lazy to set a custom title
              • Feb 2003
              • 12240
              #4
              Originally posted by Giorgio_Xo
              Another option is to create an investment fund to buy enough shares to cause them to change their tune... 10%?
              waste of money
              I post on GFY so that when people ask me what I do,
              I can tell them that I work with the mentally retarded.

                Comment

                • Zoe
                  Confirmed User
                  • Feb 2003
                  • 179
                  #5
                  Just as I saw the financial post.......I thought that a bunch of people should get together and short the stock.....the more its shorted, the less they have in cash to go to court.

                  I am sure there is some law saying that is illegal though.....
                  SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

                    Comment

                    • funkmaster
                      So Fucking Banned
                      • Sep 2001
                      • 7938
                      #6
                      Originally posted by Zoe
                      ...the more its shorted, the less they have in cash to go to court.
                      ... I think you are not too familiar about the way the stock market works.

                        Comment

                        • Sly_RJ
                          Live Hard - Die Hard
                          • Feb 2002
                          • 17042
                          #7
                          I don't think the SEC would be pleased, especially since you're talking about conspiracy.
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                            Comment

                            • BRISK
                              Too lazy to set a custom title
                              • Feb 2003
                              • 12240
                              #8
                              Originally posted by funkmaster


                              ... I think you are not too familiar about the way the stock market works.
                              I agree.
                              I post on GFY so that when people ask me what I do,
                              I can tell them that I work with the mentally retarded.

                                Comment

                                • NetRodent
                                  Confirmed User
                                  • Jan 2002
                                  • 3985
                                  #9
                                  Originally posted by BRISK


                                  waste of money
                                  Might be cheaper than litigation. Plus we might get the satisfaction of gutting their management.
                                  "Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats."
                                  --H.L. Mencken

                                    Comment

                                    • SykkBoy2
                                      Jesus loves bacon
                                      • Feb 2001
                                      • 19969
                                      #10
                                      Originally posted by Sly_RJ
                                      I don't think the SEC would be pleased, especially since you're talking about conspiracy.
                                      exactly
                                      Support my new movie “The Second Coming”

                                        Comment

                                        • pornguy
                                          Too lazy to set a custom title
                                          • Mar 2003
                                          • 62910
                                          #11
                                          There are only two reasons to buy the stock.

                                          1, in hopes that it goes up and you make a profit.

                                          2, so that you are a share holder and can go to the next stock holders meeting, wearing you GFY t-shirt and make you feelings known in your 3 minutes that you are given to speak!
                                          PornGuy skype me pornguy_epic

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