Shorting Acacia - GoFuckYourself.com

Giorgio_Xo · 07-24-2003, 01:16 PM

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

BRISK · 07-24-2003, 01:17 PM

They release Q2 earnings on Monday I think, should be interesting to see how much they keep losing

Giorgio_Xo · 07-24-2003, 01:19 PM

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.

BRISK · 07-24-2003, 01:20 PM

Quote:

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

Zoe · 07-24-2003, 01:22 PM

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.....

funkmaster · 07-24-2003, 01:24 PM

Quote:

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.

Sly_RJ · 07-24-2003, 01:24 PM

I don't think the SEC would be pleased, especially since you're talking about conspiracy.

BRISK · 07-24-2003, 01:25 PM

Quote:

Originally posted by funkmaster

... I think you are not too familiar about the way the stock market works.

I agree.

NetRodent · 07-24-2003, 02:15 PM

Quote:

Originally posted by BRISK

waste of money

Might be cheaper than litigation. Plus we might get the satisfaction of gutting their management.

SykkBoy · 07-24-2003, 02:16 PM

Quote:

Originally posted by Sly_RJ
I don't think the SEC would be pleased, especially since you're talking about conspiracy.

exactly

pornguy · 07-24-2003, 02:51 PM

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!

07-24-2003, 01:16 PM	#1
Giorgio_Xo Confirmed User Join Date: Mar 2003 Location: Las Vegas, NV Posts: 4,263	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

07-24-2003, 01:17 PM	#2
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	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.

07-24-2003, 01:19 PM	#3
Giorgio_Xo Confirmed User Join Date: Mar 2003 Location: Las Vegas, NV Posts: 4,263	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

07-24-2003, 01:22 PM	#5
Zoe Confirmed User Join Date: Feb 2003 Location: British Columbia Posts: 179	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.

07-24-2003, 01:24 PM	#7
Sly_RJ Live Hard - Die Hard Join Date: Feb 2002 Location: Ready to leave... Posts: 17,042	I don't think the SEC would be pleased, especially since you're talking about conspiracy. __________________ PHAT SERVERS - Quality dedicated hosting at a quality price! sly AT phatservers DOT com - 147479144

07-24-2003, 02:51 PM	#11
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	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 AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!