'pwalk' pid='38410' datel Wrote:I am guessing the following- the shorts know the audit is coming out soon, they assume it will be a clean report. they needed an opportunity (one more time) to cover their short positions before the audit rally. One of them called a buddy at bloomberg or whereever and called in a favor, asked them to spread a rumor about a new MW report......JMO
Yes, something along those lines. The one thing I fear is a leak from the audit (needless to say, only if followed by a negative price reaction), but I think we can rule that out by now.
So the issue becomes, does MW have any more firepower? For now it's only a rumor that there is a new report, and based on the 'quality' of their previous report, I don't think we have much to fear from that. The rumor probably having a bigger impact than any real report.