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We suspected that Bank of America was doing pump&dump on INTC, now we got proof.
posted by Sharikou, Ph. D. @ 4/28/2006 07:05:00 PM
10 Comments:
...we shall report Sumit Dhanda and B of A to the SEC...
Do you plan to report him to the SEC?
Those screen captures are impossible to read. So were the other screen captures in the past. How about making them larger and more legible? BTW, this "crook's corner" topic is quite entertaining.
Those screen captures are impossible to read.
IE automatically shrinks the large image, you need to click a button at the lower right corner to show it in its original size.
Here is the SEC's definition of "Pump and Dump"...
http://www.sec.gov/answers/pumpdump.htm
You don't have to be AMD or Intel to file a complaint or provide a 'tip'.
Anyone can do that here...
http://www.sec.gov/complaint.shtml
Personally I think that the SEC probably has a few staffers that noticed the BofA sale of Intel and purchase of AMD.
They also more than likely have read the BofA positive guidance on Intel with a buy recommendation and a not so positive outlook for AMD.
Since we don't live in a pro-active / preventive society, and unfortunately live in a reactive one, I don't think they'll do anything unless people actually complain.
I am wondering whether the SEC will do anything and anything real, fair and substantial, given the situations that have been happening all these years such as Worldcom, Enron, and numerous others. The system simply does not work the way it should. BTW, is the SEC so poor that you think it has a few staffers?
BoA is going down over this - its obvious P&D....
(todospara1/chicagrafo
I commented to a friend of mine who is a professional trader about this situation of the Bank of America apparently pumping and dumping Intel and Downgrading and scooping AMD.
He didn't want to pay much attention to the exact details, (like I said, he is a trader, thus can't focus in anything for more than 5 seconds), but he said that for sure that is not illegal, because it would be so evident, and that the explanation is that BoA has two branches, one for research, and the other for trading just like many financial institutions; but the trading branch behaves by law totally independently from the research branch.
I don't agree with him, I think that what this Bank of America is doing is illegal and immoral; but I would like people with better knowledge to provide refuting evidence, I am not able to.
Enron's Jeff Skilling and Ken Lay are both saying everything they did was legal too. You can bet Sumit Dhanda and BofA will come up with all sorts of excuses.
What BofA/Dhanda did was criminal in nature.
Has the 'blame game' started at Intel?
At first it seemed like Paul O. was taking credit for shaking up Intel's branding strategy.
Now if you read this article...
http://www.mercurynews.com/mld/mercurynews/14466220.htm
Paul seems to be crediting (pointing the finger) at Eric Kim for Intel's rebranding.
Can it be that Paul O. is starting to protect his ass? Maybe to put someone elses head on the platter?
http://www.petrovgroup.com/reports/4-27-06-DS-WP.pdf
It seems as if Intel has paid these guys to portray Intel to be good enough as AMD.
any comments?
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