The curious case of the financial website, Seeking Alpha, is a very curious one. They pay huge sums of money to have their content displayed on Yahoo Finance, fueled by an engine of short selling stock manipulators. Frankly, how they’ve escaped the wrath of the SEC, being that their content is explicitly designed to send stocks lower, is a mystery to me. Their authors are short stock before the article is posted and voila: instant profits.
I am sure a great many of them cover their shorts immediately after the article is published, netting risk free gains.
Over the past two years, I’ve faded the sages who litter Seeking Alpha with amazing accuracy. They issued reports on TEA, AFTER AN ALL CASH DEAL BY SBUX, based upon a ridiculous claim of ‘excessive’ pesticides in their products. I bought YELP in the teens, after an article was posted, exclaiming the stock was worth single digits, or worse. I bought DDD in the $20′s, after numerous hit pieces. And just the other day, they hit my AMBA for 10%, based on inaccurate reporting.
Let me touch on this point. The article stated that AMBA will miss earnings because ‘channel checks’ suggest a slow down at Chicony. What the author doesn’t realize is that production is being done at FOXCONN. We will find out who is right, soon enough.
Today, one of their bozos went after CVV.
Incidentally, I’ve been researching CVV, interesting in taking a long position. I happen to be a believer in graphene and feel a small company like CVV might attract a fresh batch of speculators, providing they can execute. So the decline in the stock today is nothing less than a gift to me. Please note that I am giving this to you, the reader class, before I’ve taken down a position, something that a true gentleman, a man of my status, is expected to do.
It boils down to this. I am shorting Seeking Alpha until the lights shut off. I am going to bet against their authors often, and do so with vigor. I’ve witnessed, over and over again: they are wrong.
Feel free to drop a note in the comments section of other epic Seeking Alpha fails.
Good night and get ready for war.