posted
You will recall my rant more than a year back about the SEC SHO rule, the DTCC and naked short selling.
You will also recall I wrote over three-thousand letters to various politicians and news sources advising them the SHO rule is a total scam being perpetrated by the SEC and the NASD.
Naked short selling is worse than ever and is being facilitated and encouraged by the Feds just as I said is the case, more than a year back, right here on this board.
They have only discovered a small portion of what is really taking place; research unlawful listing of stocks on the Berlin exchange to enable rampant naked short selling. The Germans are just as corrupt and crooked as the Feds.
Corruption and unlawful activities in the stock markets, last year and this year, have reached new historical high records.
State of New York has ruled that the DTCC has to open its records IAW a/several lawsuits. Check out the full story on the other board. I believe I posted the story on the "General Topic" board.
Naked shorting is in its death throws! Let the covering begin!
Posts: 94 | From: USA | Registered: Feb 2005
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Here is a NASDAQ generated list of known stocks being naked shorted. This represents perhaps one percent of the actual number of companies whose stock is being naked shorted by American brokers and American market makers.
Is anything being done about those companies? No.
Remember the rule exemption for "...bonafide market maker activity...." which I discussed?
As I wrote more than a year back, the SEC deliberately wrote in an exemption to allow all American brokers and American market makers to continue with their naked short selling, with total impunity.
posted
when the SHO list came out? i was expecting a lot more BB's to be on it.. they weren't and i'm not sure why.. (i can count shares)
i have watched the (short?)selling on the downtick esp betweent the bid/ask....and i assume a lot of it is shorting but the SHO list is supposed to show shares that haven't been delivered...HOW are the stocks that i am sure are being naked shorted NOT appearing on the list?
the brokers are the one that are not reporting it?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
I signed the petition, for whatever good it will do. Investors should be protected from scams and fraud. Investing in Companies is an important part of our economy and is worth protecting. Calling naked short selling "liquidity" is a crock. Keep us informed and best of luck.
Posts: 46 | From: CA | Registered: Dec 2004
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posted
she's back, uh-oh, she's crabby though. errr...it was all glass's fault!?
pretty interesting quote from the sec filing over global links:
"The Reporting Person acquired his interest in the Issuer primarily to point out the complete failure of government and exchange regulatory bodies to maintain honest, orderly markets, and the corrupt actions of market makers and securities clearing bodies, which facilitate the sale of unissued, unregistered, counterfeit, or simply nonexistent securities.
On February 3, 2005 a single investor reportedly purchased all the common shares issued by the company, plus 145 additional unissued shares.
Subsequent to that date, over 95 million shares, or over 82 times the total shares issued, were reportedly traded, none of which were reportedly sold by the 100% owner of the common stock.
On March 4 and 7, I purchased a total of 180,000 shares, resulting in my obtaining 15.54% ownership of a stock reportedly already 100% owned by another investor. I assume that there may be additional investors who may also claim ownership of common shares of this company.
I have requested that certificates be issued to me representing my full 15.54% ownership interest, to protect my right to vote and enforce any other claims that may accrue to an actual documented owner.
I understand that Reg. SHO was supposed to detect and prevent the fabrication of millions of nonexistent shares. It would appear that my securities purchases prove that Reg. SHO has been systematically violated by market-making brokers and securities-clearing firms.
From time to time I may continue to purchase additional securities on the open market to increase my ownership interest to up to 100% of the company's common stock to give me an ownership interest equal to that of the current 100% owner."
Posts: 1698 | Registered: Mar 2004
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posted
oh, now i see why you are irked, back to 5 stars again. i keep dipping to new lows, think i dipped under 3 stars this week. i am the RVNM of the allstocks rating system, heh!! just like RVNM, soon i will be at .0001.
part of the issue imho with the naked shorting thing is that it's overly used as a crutch by some people when their stock goes down. i've seen a lot of talk about naked shorting when it comes to kool-aid stocks like QBID, IBTZ, CMKX, RVNM, and MLON. imho, these stocks all went down because - imho they're crap, not because of naked shorting.
i *do* believe that naked shorting happens and is a big problem, very interesting evidence in the cases of global links and eagletech. however, it hurts the case of a legitimate investigation into the problem, when there is constant chatter of naked shorting in cases such as all these (imho) garbage stocks.
Posts: 1698 | Registered: Mar 2004
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posted
so the obvious deduction here would be to assume that the company issues MORE shares to cover the naked shorts? rather than forcing the squeeze?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
put yourself in the MM's shoes for a second?
if you THINK the co. is a POS (or even KNOW) then why be worried about overselling it? you should feel confident that you can pick up the phone and get the shares you need?
i spend MOST of my DD energy TRYING to determine the share structure of the co... financials don't really seem to matter much in the BB world...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
IBTZ and RVNM were and are such obvious scams!
Almost two years back I suckered for RVNM but jumped right out before any big losses.
To think all those boys becoming pissed and yelling at me for warning off people from IBZT.
I am not crabby, Blue, just annoyed over be so right about Wall Street, which includes the SEC, NASD and the rest of those crooks.
It would be nice to blame this on President Bush but he is such a blithering idiot, he couldn't find his own butt with both hands. He doesn't have a clue what is going on, he is just a sock puppet for Cheney, and guess where Cheney has his right hand.
I wrote to and talked with our governor a number of times. He has nothing but muscle between his ears and talks funny. I explained California alone is being ripped at least a billion dollars a year in lost money, capital and tax revenue because of all the unlawful dealings in the markets which are facilitated and supported by the Federal government.
Did no-neck muscle head listen? Nope.
So now there is direct evidence of the Feds being involved, evidence which cannot be made to go away. Of course some politicians, smelling a chance for blood publicity, are jumping on this like they are doing us a favor.
Such idiots they are! Any investor with half a lick of sense knows the markets are a shell game and all involved on Wall Street are guilty of RICO violations, ignored by the Feds because they are paid off with billions per year.
Well maybe I am a little crabby because I am tired of hearing, "Callie-forn-ya is out of mon-knee."
Of course California is out of the money. Wall Street pocketed all of it, except for Indian money which they cannot rip off because the Indians are so darn smart. Even the governator cannot rip off the Indians; he is such a typical girly-man.
Jeeesshh... get rid of the Hum-Vee, Maria, and bring back Jerry Brown and his 1967 Plymouth with Linda Ronstadt riding shotgun.
posted
...and get rid of those two animated big long pigs at the top of pages. They are such memory hogs they make my browswer hang and quit working. I don't need to see them twice to notice the advertisement. I've slopped enough Duroc hogs during life to know a hog when I see one.
grrrr....
Any of you ever been trampled by hogs on a stampede to reach the feeding trough?
Now that will make you crabby.
* makes hog noises *
Purl Gurl, Queen Of Duroc Hogs
Posts: 7504 | Registered: Dec 2003
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posted
heh, you are on a rampage, choctaw duroc parking queen! i like it, though i admit that i'm biased because i share at least some of your political views.
3000 letters, that is amazing.
will definitely be keeping an eye on the latest court cases re: eagletech and global links, quite interesting. time for eliot spitzer to get involved?
Posts: 1698 | Registered: Mar 2004
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posted
Why don't you tell us how you realy fell Purl. Nice to see you back.
-------------------- Amazing how much time we spend looking for the truth but never spend the time to get to the point. Posts: 1164 | From: KANSAS CITY | Registered: Aug 2003
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posted
I'm sure Linda Ronstadt, being an extreme liberal, would be against holding a shotgun.
Posts: 46 | From: CA | Registered: Dec 2004
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posted
NMKT is a company i like and own a little, but - imho part of why they're stuck at .60 like .60 is their mommy is that the CEO Verges just simply can't stop talking about naked shorting and manipulation of NMKT stock.
it's one thing for us to banter about this stuff on a board, quite different for a CEO to bitch and whine in PR's about it, providing no evidence.
like this PR, i almost sold NMKT when i read this PR:
philip, you need to focus on company business and getting the mass revenue streams you're always PR'ing about going, not on musing about alleged stock manipulation.
"she me the money", that is people's view of NMKT at this point, imho. it all comes down to the bottom line on the Q. and this is coming from a NMKT shareholder and supporter, i'm just being realistic.
Posts: 1698 | Registered: Mar 2004
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posted
Hey, speaking of "short", I heard today that Dick Grasso also had a mistress. Anyone know if that's true? If so, does anyone have her name? Maybe I know/knew her! LOL
Posts: 3607 | From: NJ - Outside Phila. | Registered: Mar 2004
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posted
PG, Your right, Bush has not and wont do anything good as Pres. Just 3 plus more years of misery.
Posts: 274 | From: union,nj,usa | Registered: Jan 2004
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posted
Yeeee Haww.... three more years of exellence from President George W Bush and then 8 years of exellence from Jeb Bush..Read it and weep people....
Posts: 10729 | From: oregon | Registered: Feb 2005
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