Blogonomics: Market Manipulation
For the past week, anybody going to this page at Seeking Alpha has found a blog entry that isn't there. There are 42 comments, untouched. But the actual blog entry, we're told, "has been removed, pending investigation of claims of material inaccuracies". Joseph Tartakoff has the story: the blog entry was written by one Liam Mulcahy, a purported hedge fund manager who was short the stock of Microvision. After it appeared, Microvision stock fell by as much as 20%, and closed down 10%. It was all very scandalous, with accusations of market manipulation being thrown around willy-nilly.
Here's Michelle Leder:
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