Alex S. Gabor is freelance investigative journalist, bank stock analyst, and financial consultant. He does not personally get paid from anyone for anything published here at Seeking Alpha.
The Ghost of the Penny King Haunts Coinstar (CSTR) Nasdaq Looks the Other Way 5 comments
Jan 14, 2011 1:59 AM
| about stocks: CSTR, COIN.PK, GS
Well if you haven't read it here first you would have read it at the blog site for the $500 Trillion SEC Class Action Lawsuit filed by the Infinite Freedom Foundation for Whistle Blowers.
Coinstar was down more than 25% in after hours trading. It seems that they thought they could keep their stock trending upward, thus creating more momentum for momentum traders, by switching from money changing into selling film rentals. Now they are blaming Hollywood for poor earnings which will be fully disclosed by February 3rd, but in all liklihood, if the SEC gets on the Ball, they will send in their crony lawyers to hit them with a full blown investigation.
Here is a link to some pending headlines that the Bank Activities Reform Commission (BARC) is looking at publishing but the full information is not out yet. Let us see what the SEC sees that you John Q. Public Investor doesn't.
Coinstar (CSTR) Under Investigation For False and Misleading Press Releases
The International Bank Activities Reform Commission is investigating Coinstar of Bellevue, Washington for making all too many false and misleading public statements in press releases over the past several years which caused momentum traders to believe that the company was doing well when in fact it wasn't.
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CSTR has been doing his shady stuff for awhile. Mr Eric Wold should also be investigated concerning this stock as he has had numerous behind the scenes handshakes with this company.
No not in the least. I am well aware of operation constar though and have been tracking it for awhile. Enough to see the patterns. Notice whenever press turns sour on constar they sick Mr Eric Wold out there to tout some new service or offering or speculation to drive the stock and change the subject of the moment. Beginning in 2008 he touted the work arounds, then redbox offering games (3 games per box last I checked) yet he says success. Earlier this year when press got bad he announced redbox would enter streaming by Q4 (never happened) he's suggested partners like walmart for streaming (never happen) etc.... Cstr announced a streaming offering for the beginning of this year, which will not happen. It's all laughable right down to cstr shaddy reporting of same store sales last earnings call. Trust me redbox is a house of cards ready to crumble. Love the blog
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The Ghost of the Penny King Haunts Coinstar (CSTR) Nasdaq Looks the Other Way 5 comments
Coinstar was down more than 25% in after hours trading. It seems that they thought they could keep their stock trending upward, thus creating more momentum for momentum traders, by switching from money changing into selling film rentals. Now they are blaming Hollywood for poor earnings which will be fully disclosed by February 3rd, but in all liklihood, if the SEC gets on the Ball, they will send in their crony lawyers to hit them with a full blown investigation.
Here is a link to some pending headlines that the Bank Activities Reform Commission (BARC) is looking at publishing but the full information is not out yet. Let us see what the SEC sees that you John Q. Public Investor doesn't.
Coinstar (CSTR) Under Investigation For False and Misleading Press Releases
Do your own due diligence!
Coinstar Should Change Its' Name to Filmstar!
More than 50 Million Shares of Coinstar Are Open Short Interests
Coinstar Advised to Get Out of the Money Changing Business
Soros Fund Management Advised To Take Huge Short Position in CSTR
Are Penny Pinchers Bankrupting Coinstar?
Investors Complain to Securities and Exchange Commission About Coinstar Usury Fraud
Goldman Sachs Under Investigation for Coinstar Stock Manipulation
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I am well aware of operation constar though and have been tracking it for awhile. Enough to see the patterns. Notice whenever press turns sour on constar they sick Mr Eric Wold out there to tout some new service or offering or speculation to drive the stock and change the subject of the moment. Beginning in 2008 he touted the work arounds, then redbox offering games (3 games per box last I checked) yet he says success. Earlier this year when press got bad he announced redbox would enter streaming by Q4 (never happened) he's suggested partners like walmart for streaming (never happen) etc.... Cstr announced a streaming offering for the beginning of this year, which will not happen. It's all laughable right down to cstr shaddy reporting of same store sales last earnings call. Trust me redbox is a house of cards ready to crumble. Love the blog
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