Custom Search

Sunday, November 8, 2009

Remember Fairfax Financial? Stevie Cohen of SAC wants you to forget!


Now that SAC Capital is being investigated for insider trading, I thought it would be nice to go back a few years. But first, check out Stevie's frozen ice rink! It was built to help you skate around insider trading!

First this email:

From: Mark Heiman
Sent: December 16, 2002 4:46 PM
To: James Chanos; Douglas Millett; Charles Hobbs
Subject: Fairfax
Just spoke to John Gwinn at Morgan Keegan, and he was more critical of FFRX than I’ve ever heard a sell side analyst. It looks like his criticisms of from the top to the bottom–everything from underwriting to accounting to dishonesty. He gave me his basics, as he is somewhat restricted because he hasn’t officially launched. It will be interesting to see how much of this the people who run the research department there will let him publish!


Which was forwarded to Jeffrey Perry an analyst at SAC Capital. Then John Gwinn at Morgan Keenan, had a face-to-face meeting with SAC Capital Portfolio Manager Forrest Fontana:

From: Forrest Fontana
Sent: January 06, 2003 8:57 AM
To: John Gwynn
Subject: RE: hope you had a nice holiday!
you available to touch-base on Fairfax sometime this week?


Reply:

From: John Gwynn
Sent: January 06, 2003 9:01 AM
To: Forrest Fontana
Subject: RE: hope you had a nice holiday!
Name the time.


Then Forest Fontana of SAC Capital, sent this email to his boss, Stevie Cohen of SAC Capital.

Tuesday 1/14: Morgan Keegan expected to launch on Fairfax with sell rating – we will be covering into this.

And of course, everyone involved was short the stock before the report was released. And then, they were "covering" into this.


Remember how Stevie Cohen was always so secretive? In fact, doesn't he own the rights to his own photographs?

Why the, the abrupt change of heart? Exhibiting his art, giving out donations, and making SAC Capital more accessible. Oh wait--the accessibility of SAC was because of subpoenas!

But he sure rushed to show his art. It was put together in a couple weeks--The show showed no signs of its "hasty conception."

March 13 (Bloomberg) -- Billionaire hedge-fund manager Steven Cohen, who owns an extensive art collection that has rarely been publicly displayed, is lending 20 paintings and sculptures for an exhibition at Sotheby’s in April.

“Our collection has not been curated before” said Cohen in a statement provided by Sotheby’s. “It will be an exciting experience for us.”


I suppose its better to exhibit your art that way, instead of the Lehman and Dick Fuld method!

At least Dick's wife was the trustee at MoMA!

But Stevie's art made it in this blog, before it was being exhibited. With a giant inside tip. Buy technology. At the market low. And buy eBay at 12.



And a picture of Munch's Madonna. I had to have a conception that wasn't hasty. And immaculate!

Pssst. And there was no inside tip with that information.

No wonder that information wasn't used! SAC trades on information that is on the inside!

Heck--Stevie even added to his position in Sotheby's--maybe that's why he exhibited his art there. Get any edge that you can!

Now didn't SAC use the press before to plant negative stories on stocks they were short?

So now, let's use the press to publish good things about us!

Except now, we see that SAC's mole wants to squeal!



 The widening investigation of insider trading on Wall Street is expected to examine transactions at Steven A. Cohen's SAC Capital Advisors, one of America's largest and most successful hedge funds, according to people familiar with the matter.

A plea agreement between the government and a cooperating witness in the investigation, Richard Choo Beng Lee, indicates that Mr. Lee has agreed to provide information to prosecutors about a hedge fund where he worked between 1999 and 2004. That firm is SAC, according to people familiar with the matter....

Now the Goldman story below, had quite a few references to the Titanic.

Whoops.

It looks like they've now hit the iceberg!

And there's a lot more than what you see!

16 comments :

Anonymous said...

You ever think Goldman will get charged with insider trading?

Anonymous said...

[url=http://hopresovees.net/][img]http://vonmertoes.net/img-add/euro2.jpg[/img][/url]
[b]office software to buy, [url=http://bariossetos.net/]student discount on microsoft office[/url]
[url=http://bariossetos.net/][/url] macromedia com software flashplayer macromedia software to
acdsee pro photo [url=http://vonmertoes.net/]illegal software canada[/url] adobe photoshop cs4 for mac
[url=http://bariossetos.net/]windows vista sp2[/url] college academic software
[url=http://hopresovees.net/]kaspersky lab[/url] Mac OS Server
CS3 Extended Mac [url=http://vonmertoes.net/]best office software[/b]

Anonymous said...

Good Morning!!! aaronandmoses.blogspot.com is one of the best innovative websites of its kind. I enjoy reading it every day. All the best.

Anonymous said...

The author of aaronandmoses.blogspot.com has written an excellent article. You have made your point and there is not much to argue about. It is like the following universal truth that you can not argue with: Computers are the tools of whoever knows your password Thanks for the info.

ebay software said...

your blog is so nice i want post here. thanks
ebay software

ebay software said...

I have visited your blog and it's really very good and useful too. Thanks for the information.

ebay software

Anonymous said...

aaronandmoses.blogspot.com is the best. Thank your for this article I enjoyed it very much.
AAA Toronto Payday Loans 1172 Bay St #101, Toronto, ON M5S 2B4 (416) 477-2817

Anonymous said...

[url=http://buygenericonlineviagrashop.com/#20847]viagra cost[/url] - viagra online , http://buygenericonlineviagrashop.com/#21092 buy cheap viagra

Anonymous said...

[url=http://buyviagrapremiumpharmacy.com/#aqvah]buy viagra online[/url] - buy viagra online , http://buyviagrapremiumpharmacy.com/#bgmvl generic viagra

Anonymous said...

[url=http://buycialispremiumpharmacy.com/#fxbnz]buy cialis[/url] - buy cheap cialis , http://buycialispremiumpharmacy.com/#nxymq cialis online

Anonymous said...

http://www.cafb29b24.org/docs/buyativan/#drug ativan expiration - ativan side effects weight gain

Anonymous said...

The UK’s road safety record has steadily declined since 2001, with the inevitable influence on prices, however the AA say road safety trends are certainly not solely responsible for the increases. It is worth getting just as much coverage as you are able to here, and a few insurance providers will offer unlimited liability. The way contains six multifarious one lessons and galore Insurance companies in Circumboreal Eire Present content discounts if you position this further communication. XOFAckE, [url=http://www.igetcheapcarinsurance.com/auto-insurance-minnesota-quote/]auto insurance minnesota quote[/url], DbmGKBk, [url=http://www.igetcheapcarinsurance.com/cheap-no-fault-auto-insurance-detroit/]cheap no fault auto insurance detroit[/url], gAKhJiH, [url=http://www.igetcheapcarinsurance.com/td-auto-insurance-phone-number-toronto/]td auto insurance phone number toronto[/url], rJEYSZl,

Anonymous said...

Visit Florida Home Insurance for further information or visit our blog at. It is a mixture of open and named perils, cover up your contents against the 16 named perils as in HO - 2 policy. Following all, there are so many scam businesses operating about the internet today. zISVinp, home insurance claim depreciation, oQPCQyu, homeowners insurance replacement cost vs actual cash value, HTpwIad, best homeowners insurance illinois, WQTeWky,

Anonymous said...

I never felt so trapped - and stupid - inside my entire life. The lender presents on the borrower the top and also the handiest kind of advances that will also provide for your requirements the most effective packages inside the market. SUISSE BANK PLC has defined the area of trade financing becasue it is main business field which is currently extending its agent pool throughout the entire world. BXgcUcC, bad credit loans canada, ClbcoJC, payday loans, vTXuqUX, online payday loans, iwihQEx,

Diane Cain said...

Trek Ltd is a leading Canadian Electronic Component Manufacturer Representative with full coverage throughout Canada. TTL is committed to supplying both our Customer and Distributor Partners with the highest level of technical and customer support. We maintain this focus while meeting the objectives of our Principal Partners.
Tech Trek

xumeiqing said...

20160511 chenxin
michael kors canada
burberry outlet stores
yeezy boost 350
fitflops outlet
reebok classic
skechers outlet
ray ban sunglasses outlet
cheap ray-ban sunglasses outlet
true religion jeans
true religion outlet
michael kors outlet
ray ban outlet
chi flat iron
adidas shoes
cheap jordans
coach outlet online
armani exchange
louis vuitton handbags
dior sunglasses 2016
nike air max 90
under armour
cheap ray bans
fake oakleys
nmd adidas
michael kors outlet online
michael kors outlet online
toms shoes
cheap nfl jerseys
ray ban sunglasses
hermes belt
fitflops
christian louboutin shoes
fitflops shoes