Feb 22, 2008

Ming Seeks Investment Advice


Ming dares to enter the Alley of Lepers and scurries past the notorious Pickpockets and Hedge Fund Operators Guild House. He arrives at the Wo Tu Yu Brokerage firm where the scrofulous One-Eyed Wang presides. Ming kowtows to the evil one and begs to know what will become of his Dendreon. The filth encrusted and unwashed Wang assures him that nothing good can come of a stock so reduced in price, advising Ming to sell before some untoward news event sends it still lower. The despicable Wang points to the high volume in support of his thesis and encourages Ming to disregard the nonsense contained in Section 9 of the 1934 Securities and Exchange Act that deems it unlawful to effect any securities transaction which involves no change in beneficial ownership just because Ming sees hedge funds trading the stock back and forth to themselves, driving it down daily as though it were some sort of perverted volleyball game. Ming notes that the untrustworthy Wang cringes at any uptick in Dendreon's price while many urgent but unanswered messages cover his abacus from a Stamford Connecticut area code. Ming chooses to hang onto his Dendreon with both hands much to the disgust and dismay of the Wangs of this world.

1 comment:

ThoughtCriminal said...

If you invest in human suffering, would that be considered insider trading?

The big bucks for the 21st century are in making things that destroy, or at least hurt a lot.