Smooth Jazz

Redwood Trust: From $30 to $4 by Year-End?

<Lol, haters....just brush em off like lint Greg..... I missed the CRZ boat because Alpha pulled the article cause of the haters....last time I let them cost me money....>

Hey Wez, You are just a flunky for Fast Money "Hitman" Westman, so let me make this plain for you in the case of CRZ: IT'S ABOUT FULL DISCLOSURE. If you are going to scream bankrutcy in an headline grabbing article, at least tell your reader about the company's liquidity backstop, like CRZ Mgmt did today, and let readers make up their own minds.

Keep chasing that Shill around, but a lot of people are watching him now, and people are gathering information about his omissions and deceptions in anticipation of a suit against him. CRZ started recovering after they came out with a statement today, so it may well turn out that his CRZ hit piece was deliberate manipulation. Rest assured, you may very well get an opportunity to cheer him on in the pokie.

Redwood Trust: From $30 to $4 by Year-End?

<When it comes to short calls in this sector, I'm onboard with Weston, he has made me a lot of money. I agree with his notion that many people underestimate how bad things are and will be. Companies can and do go out of business all the time. Most of my portfolio is long, but for short hedges, Weston is one of the guys I pay attention to>

I have no dog in the RWT hunt, but it appears your hero has pissed a lot of CRZ stakeholders off with his "next" hit piece. I know of at least 7 commenters on the CRZ piece and perhaps another 10 on the CRZ Yahoo message board that is contacting either Seeking Alpha Mgmt, the SEC, CRZ Investor Relations and Brookfield Investor Relations. Rarely do I see this type of passion with so many people, even folks without a position, react so vehemently. At a mimimum, Mr Weston has put a bulleye on himself and people WILL be watching.

seekingalpha.com/artic...

Mr Weston wants everyone to think CRZ is going bankrupt in a few weeks, but failed to tell his readers that the company has as much of $200M in liquidity via unrestricted cash, unencumbered assets, unused credit lines, etc and only approx $20+ in short term repo debt as of May 2008. He also failed to tell his readers CRZ just declared a 30cents dividend 2 weeks ago, or satisfactorily explain how a company going bankrupt in July after writing down assets is paying out dividends to shareholders. I don't think anybody is claiming CRZ is not struggling or will not go insolvent eventually; People are mostly upset that Mr Weston blatantly kept critical liquidity information from his article while claiming the company is going bankrupt, ostensibly to make a fast buck on his puts.

Well you will get the opportunity to pay a LOT of attention to him in the pokie IF it is demonstrated that he is blatantly using these forums to perpetrate a fraud for financial gain.

Peace out.