Liam Mulcahy, the plot thickens (MVIS)
CLUSTERSTOCK.com: Was Microvision (MVIS) Hatchet Job on Seeking Alpha Illegal Stock Manipulation? SeekingAlpha has pulled the article. Oops.
The Masters just covered this story yesterday: SeekingAlpha.com and 'Liam Mulcahy' bring down Microvision (MVIS)
Here's the scoop from CLUSTERSTOCK.com:
Yesterday, Microvision (MVIS) plunged almost 12% because of a critical article written on the financial blog aggregator Seeking Alpha. Barron's:
Microvision (MVIS) shares are sharply lower this morning on a highly negative post about the company...
Microvision is developing pico projectors...The post asserts that Microvision’s own projectors, known as The Show, continue to fall behind schedule, and that Microvision is facing a cash crunch.
Well, guess what? The article is gone today. Replaced with this message:
This article has been removed, pending investigation of claims of material inaccuracies. See Seeking Alpha's policy for disputing an article.
The article's author, a "Liam Mulcahy," said he worked at a hedge fund that was short Microvision. This is certainly more disclosure than accompanies most rumor-powered stock manipulation schemes, and if the information in the article is accurate, there's no foul (you can talk up your book all you want--people on CNBC do it all day long). If the information was innacurate, however, and "Liam Mulcahy" knew it was inaccurate, then that would likely be illegal stock manipulation. We await the verdict
Best of the Blogs

BlogDroid 600
Scanning and identifying the best blog entries every hour
- Dip-Buyers on the Horizon | iBankCoin.com
- Stock #Market Recap 02/06/12 {Video} | iBankCoin.com
- Sheeple Awakenings | ZeroHedge
- The Giants Won; Now Get Back to Work | iBankCoin.com
- Do Tax & Regulatory Policies Pose a Threat to the Dollar? | Financial Sense
- THiS Is A "CReDiT EVeNT" | ZeroHedge
- Fukushima Reactors Heating Up Again … Water Fails to Cool Them Down | ZeroHedge
Latest Headlines

Newsbot 3000
The most relevant financial news and articles from the Internets
- Caregiving Burdens May Be... | Business Insider
- Mario Monti Is In Trouble For Attacking Italy... | Business Insider
- Here's The Real Problem With Getting The Greek Deal Done | Business Insider
- Who Does Google Think You Are? | BusinessWeek
- Amazon's Hit Man | BusinessWeek
- ANDREW LO: I Read 21 Books About The Financial Crisis And They Explained Nothing | Business Insider
- Notable 52-Week Highs and... | StreetInsider.com



Post new comment