• 24 Apr 2008 at 1:58 PM

Rumor Control

By

Start a rumor, pay the price. We know you love watching Wall Street and imagining yourself as the Big Swinging Dick who profited by talking up (or down) Blue Star Airlines. But that’s maybe not such a good idea. Just ask Paul Berliner. Remember all that stuff about how Blackstone was revising its offer for Alliance data down? No? Well, trust us, it was a big deal at the time. Yeah, that rumor? Paul.
Makes you wonder what else he might have been responsible for. Bear Stearns liquidity? Cold Fusion? The breakup of the Rolling Stones? You never know. Could have been Paul, right? Ok, maybe not.
SEC Fines Ex-Schottenfeld Trader Over Blackstone Deal Rumors [Bloomberg]

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    Comments (12)

    1. 1
      Posted by NomadTrader | April 24, 2008 at 2:07 PM

      So all I got to do is send a few emails to a bunch of lemming traders and prices plummet? Yes, our crack Gov’t investigative apparatus is hard at work protecting us. Gordon says stay long BlueStar, but Bud has become such a Schmuck.

    2. 2
      Posted by guest | April 24, 2008 at 2:11 PM

      The Stones broke up?

    3. 3
      Posted by guest | April 24, 2008 at 2:21 PM

      Gall stones break up with some ultra-sound probes…..theres a gay joke in that, I just dont see it now

    4. 4
      Posted by guest | April 24, 2008 at 2:33 PM

      Rumor has it Sub Rosa has been conducting due diligence at DB HQ while Carney has been away.

    5. 5
      Posted by guest | April 24, 2008 at 2:38 PM

      Rick Schottenfeld is a true Capo in the financial mafia — him and the SAC.

    6. 6
      Posted by guest | April 24, 2008 at 3:25 PM

      Well this story is shaking up alot of trading desks today…all they do is spead rumors all day…like a bunch of wash women!

    7. 7
      Posted by diablo | April 24, 2008 at 3:51 PM

      OK, there are rumors to support pump and dump, and there are rumors to support short and schmoltz? Help me out here. Is something that rhymes with short.

    8. 8
      Posted by guest | April 24, 2008 at 3:52 PM

      Have I mentioned EP sucks?

    9. 9
      Posted by guest | April 24, 2008 at 3:59 PM

      Are you saying traders cheat to make money?
      -The Forehead Slapper

    10. 10
      Posted by guest | April 24, 2008 at 4:00 PM

      Short and abort?

    11. 11
      Posted by guest | April 24, 2008 at 4:15 PM

      @ 4:00…AMAZING

    12. 12
      Posted by Jmoney | April 24, 2008 at 4:44 PM

      Coming from the medical perspective, ultra sound ablation for gall stones is not the wisest therapy. There’s a high risk the stones just turn to sludge and aren’t expelled, which may lead to a medical emergency such as acute cholecystitis.
      Better to do elective laparoscopic cholecystectomy.

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