TheStreet.com (TSCM) booted off Russell index. Adams fault? (HEB, CTIC, OCLS, VNDA)

[FavStocks]

Guess who got booted off the Russell 3000 index? TheStreet.com, Inc. (NASDAQ:TSCM).

One of the biotech “journalists” Adam Feuerstein of TheStreet.com has consistently written negative articles on at least four stocks that I am aware of. Two of those stocks, Hemispherx BioPharma, Inc (AMEX:HEB), and Cell Therapeutics, Inc. (NASDAQ:CTIC) both have gone up over 450% year to date. Perhaps Adam is just not a fan of stocks that perform well in these market conditions. It appears to me that Adam might not like any stock that has a market cap above TSCM’s 59 Million.

I found it ironic that just as Adam stirs up a ruckus in the biotech community TSCM gets the boot from the Russell 3000 index. Meanwhile CTIC and HEB actually got added to the index! So the question I have now is why did TSCM get the boot? Is Adam to blame? Adam did cause a “patient safety issue and putting public safety at risk” when he commented that Oculus Innovative Sciences’ (NASDAQ:OCLS) drug was “containing common diluted bleach.” After comments like those, many think Adam has lost all credibility. Then again, I would not expect too much more from a Political Science major commenting on a Biotech stock.

I would like to think Adam actually has made some accurate reports on Biotech stocks but I just can’t find any. Then again I didn’t look too hard, stopping after finding a few negative and often inaccurate articles. I found another recent case where Adam was dead wrong, it was Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) that shot up 900% on approval of their schizophrenia drug.

I look at Adam’s articles and I think of all the money that could have been made doing the opposite of what he says. I want to know how Adam can be mistaken so much of the time. I never make mistakes, I thought I did once but I was mistaken. Hindsight is always 20/20 and you can’t blame a guy too much for stating his “opinion” in the name of “journalism” but if I were Adam I might take it easy on the articles for awhile. Adam’s negative articles have been known to take place suspiciously right after or during massive declines in share price of up to 50%. Are the massive declines just people reacting to Adam’s articles?

Why did the massive decline with HEB take place a few minutes before Adams’s negative article was released? Who knows, it is a volatile stock. What I do know is that TheStreet.com was co-founded by Jim Cramer who openly admitted to manipulating stocks using news outlets like CNBC. So now this recent “journalists” activity from TheStreet.com really raises suspicion. The SEC never took any action with Jim Cramer so I doubt any investigation or action will be taken against TheStreet.

Let us know what you think of Adam Feuerstein on the FavStocks.com stock forums. We have a dedicated thread just for the VIP Adam and look forward to your feedback both positive and negative. Make sure to check out the FDA Calender too


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[cyrix]

I agree that Adam Feuerstein is just a person who doesn't know what he is talking about. It is very irritating that his bullsh!t articles have so much influence on stock price.

[potomato]

Adam is just a pawn. if it he doesn't do what he does, another would take his place. Unfortunately, what feeds him is fear, and there is an abundance of it. Hindsight is 20/20. Sure. We know he was wrong. Sure. But at the onset of each rise or fall, the more relevant question is, could he be right? In that light, he's merely a trigger for the insecurity that already lies inside us. Albeit, he's a bastard of a trigger.

[econcom]

I agree that Adam Feuerstein is just a person who doesn't know what he is talking about. It is very irritating that his bullsh!t articles have so much influence on stock price.

the influence is due to his credibility

the credibility is something gained

[moto]

hopefully one less basher

[FavStocks]

the influence is due to his credibility

the credibility is something gained

Its not as much Adam's credibility, if he has any left at all, its TheSreet's credibility. The brand itself is the one with the credibility. Perhaps mainly because of the show Mad Money and Jim Cramer.

For example: If CNBC releases news, do you remember the name of the anchor or writer that told you the news or the fact the news is from CNBC? Its not the anchor or writer that has the influence as much as it is the brand.

A google search for "Adam Feuerstein gained credibility" comes back with no results found.

[econcom]

Its not as much Adam's credibility, if he has any left at all, its TheSreet's credibility. The brand itself is the one with the credibility. Perhaps mainly because of the show Mad Money and Jim Cramer.

For example: If CNBC releases news, do you remember the name of the anchor or writer that told you the news or the fact the news is from CNBC? Its not the anchor or writer that has the influence as much as it is the brand.

A google search for "Adam Feuerstein gained credibility" comes back with no results found.

i read his articles about cell and i'm completely agree with him, because
i know cell history and the way of operating of his management, Bianco first

Cell Therapeutics: Deadline Nears for Debt Tender Offer | Biotech | Financial Articles & Investing News | TheStreet.com

no respect for shareholders, lies to cover his failures
and market manipulation

[jindi1699]

Adam's PRs on Hemispherx have been negative and selective with respect to the data he cites.