This is really not the forum for a conversation about stock manipulation.....that's really what happens on the Yahoo Board.........but as there seem to be many who are reading here and not there, I thought I'd spend a few minutes talking about Manuel Asensio who is a very bad guy.........so much so that his history with the SEC is well known.
Asensio is an attack dog with a group of followers. When he finds a target, he is ruthless and PANL/OLED has been one of his targets for the last year or two.
He tries to be careful with the law as he is careless with the truth. He and his pack attack at times like this and try to drive the stock price down 8 or 10 points. He is amazingly successful.
There are times when longs wonder about Herb Greenberg and Creamer being in cahoots with him but that might just be paranoia..........Freud has lots to say on that subject "just because you're paranoid doesn't mean they aren't after you".
Today's article in Seeking Alpha, published to the Yahoo Message Board, is just such an attempt by Asensio. It's carefully crafted and written to stampede longs with loose hands. Hopefully, it's the end of the line for Asensio and his people as OLED is doing extremely well and Sid's comments at last night's conference were clear that OLED and LG are at a robust stage in their negotiations over a proper long term agreement that's likely to be signed within 6 months..........and you know that Steve and Sid are very careful about this kind of talk.
What should the Company do about Asensio? Good publicists suggest doing nothing to keep the conversation going. Others suggest getting in front of it.
Me, I'd plant an article attacking Asensio and detailing his past. He's the poster boy for what's bad in the world of the stock market.
