tag:blogger.com,1999:blog-4815867514277794362.post2998536601713835291..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: The Street Sweeper on Northern and Voyager: Part 2John Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4815867514277794362.post-57521843557122544082011-03-25T16:10:05.844+11:002011-03-25T16:10:05.844+11:00imo, thestreetsweeper is committing immoral & ...imo, thestreetsweeper is committing immoral & unethical deeds by conspiring with a short seller trader to load up just prior to releasing a hit piece. Firstly, their short seller knows the news and its precise release timing beforehand and secondly, they are a dot.org and are supposed to be preventing, not committing fraud. <br /><br />I think they should be called out and prosecuted. Very hypocritical, imo.Brucehttps://www.blogger.com/profile/12578947287312584266noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-34854912123791597292011-03-25T05:20:54.332+11:002011-03-25T05:20:54.332+11:00Well now Street Sweeper has closed out the rest of...Well now Street Sweeper has closed out the rest of its position entirely @ $26.435. Seems pretty odd for them to cover so quickly. I mean they made in the range of 8% in a week - not much you can say to that - but if they truly believed their thesis you would have thought they would have held onto a winning position for longer than that.Alex Sebastiannoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-68282369104370421182011-03-24T13:27:50.097+11:002011-03-24T13:27:50.097+11:00I am not privy to the Street Sweeper thinking on t...I am not privy to the Street Sweeper thinking on that. But my guess is that 53000 shares was a too big a position for them and that they could not keep carrying it... <br /><br />Our position is smaller and we have covered none. (We also had the position on for a longer time... we put it on above 30.) <br /><br />This is not a Rino International (cover at 2c story). Its an inflated business with real oil and real wells. We will phase our covering in - covering as it goes down. <br /><br />I (honestly) do not have an end-value in mind. I think I know what is worth plus or minus about 100 percent! But how you trade one of these is - well - a trick of the traders...John Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-22898518249546151932011-03-24T09:45:35.703+11:002011-03-24T09:45:35.703+11:00I'm curious as to why streetsweeper would cove...I'm curious as to why streetsweeper would cover a third of their position with such a small gain?<br /><br /><br />* Important Disclosure: Prior to the publication of this article, TheStreetSweeper (through its members) has effected a “short sale” of 53,000 shares of the stock of NOG beginning on March, 17, 2011, at an average price of $28.7889 a share, with the intent of profiting from decreases in the price of the stock. <br /><br /> TheStreetSweeper covered 20,000 shares of its short position at $28.64 on March 22. It continues to hold a short position of 33,000 shares, however.Anonymousnoreply@blogger.com