posted
Good morning gang! Everyone say a prayer for shorty. Buy and hold baby! Buy and hold! I got an order for 800 more shares to be purchased with a limit of 1.20 hope i get it but it's doubtful. Ima
-------------------- learnin as I go. Posts: 582 | From: Iowa, Michigan, North Carolina, Israel | Registered: Jul 2006
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I have sent (babes letter) to connie mack, mel martinez and many more... Thanks for the eloquent letter BB!!
You know this same thing has been happening in the silver market for some time.. Its interesting for me to see how this affects different markets all the same.
Posts: 6410 | Registered: Jul 2006
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• Establishing uniform "locate" and "close-out" requirements in order to address problems associated with failures to deliver, including potentially abusive "naked" short selling.
• Locate Requirement: Regulation SHO requires a broker-dealer to have reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due before effecting a short sale order in any equity security.6 This "locate" must be made and documented prior to effecting the short sale.
• "Close-out" Requirement: Regulation SHO imposes additional delivery requirements on broker-dealers for securities in which there are a relatively substantial number of extended delivery failures at a registered clearing agency7 ("threshold securities"). For instance, with limited exception, Regulation SHO requires brokers and dealers that are participants of a registered clearing agency8 to take action to "close-out" failure-to-deliver positions ("open fails") in threshold securities that have persisted for 13 consecutive settlement days.9 Closing out requires the broker or dealer to purchase securities of like kind and quantity. Until the position is closed out, the broker or dealer and any broker or dealer for which it clears transactions (for example, an introducing broker)10 may not effect further short sales in that threshold security without borrowing or entering into a bona fide agreement to borrow the security (known as the "pre-borrowing" requirement).
• Temporarily suspending Commission and SRO11 short sale price tests12 in a group of securities to evaluate the overall effectiveness and necessity of such restrictions. The Commission will study the impact of relaxing the price tests for a period of one year.13
• Creating uniform order marking requirements for sales of all equity securities. This means that orders you place with your broker-dealer must be marked "long," "short," or "short exempt."14 __________________ GODSPEED Rufus Paul Harris Chief Executive Officer Conversion Solutions Holdings Corp Harris*cshd.us
Posts: 6410 | Registered: Jul 2006
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I commend you for trying to fight naked short selling but how do you propose to be successful doing so while so many have failed at it or are still fighting it everyday like Patrick Byrne of Overstock.com?
It has been eliminated.
Watch the Press Releases for verification. __________________ GODSPEED Rufus Paul Harris Chief Executive Officer Conversion Solutions Holdings Corp Harris*cshd.us
Posts: 6410 | Registered: Jul 2006
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There is no FTD or naked short selling problem. Repeat after me. There issssss no NSS problem.
You are all just whiners who are angry your stocks didn't go up.
Short selling is a valuable tool to prevent pump and dump scams. If naked short selling happens, it is a case where countering one fraud with another is a good idea.
Does anyone else have a pretty low threshold for these intelligence-insulting examples of the Wall Street/SEC's reasoning?You have to wonder what the hell is going on at the SEC and on Wall Street these days.
Is it not abundantly clear to everyone that can count that the brokers are just printing sales transactions, and then crediting securities entitlements to customer accounts without ever expecting them to be made good? Why not? Who's going to stop them? What penalty are they facing?
Other than the companies who are depressed beyond belief, and the shareholders who paid good money and received NOTHING in return, who's being hurt?
Read the release here. I am not making this up. How many companies, like NFI, or OSTK, or NFLX, or TASR, are to be criminally savaged by miscreants, while the SEC ignores the plight of the shareholders and the companies?
JUST HOW GD BAD DOES THIS HAVE TO GET BEFORE YOU ACT, AND DO WHAT YOU KNOW NEEDS TO BE DONE?
When did it become OK to steal investor money, never deliver squat, and keep the proceeds? That is what the evidence clearly shows is happening. Bonuses on Wall Street have never been bigger, and hedge funds are bloated with cash...where do you think all the money came from? How do they do it, year after year, in a flat market with zilch IPO work, and commissions that wouldn't keep a wino in MD 20/20??
Where do you think?
Wall Street is stealing your, and my, money. That's the word for it. Stealing. Simple. They create trades, and don't deliver. It is fraud. It is overt, and they don't ever expect to deliver, because nobody will ever make them. The public are sheep. Idiots that will believe whatever they see on CNBC or read in the WSJ.
-------------------- 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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I have been busy sending out my email to as many news orgs and "public officials" that I can think of. I also sent links and copies of the Ameritrade PR and the one from last night...that way no one has to "search" for what I am talking about. I'll miss the open but will be back later on...HOLD tight to your shares!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
this is an eye opening post over at ihub. It addresses all the goings on between some of the board members there and the supposed Dr. Mensah. Click on the link in the post also.
posted
I have to call ameritrade this morning about my shares. I called when the companies name change was going through. They researched my stocks and they were all mine at least that's what they said. I'd just like a little reconfirmation about that.
posted
Not to rain lava on our parade... but how much success has anyone had in making the naked shorts cover? It just seems that they keep shorting this thing to hell because they know they will only get a fine that is miniscule compared to the profits that they have already taken in.
We have to help ourselves.... alert the media, our government, anybody.
Otherwise, these MM's have just stolen millions of dollars from us. It is fraud, theft, and evil at that. We can't let them get away with it. I hope Rufus has some high power friends and more aces in his pocket.... cuz I feel like a little fish in a very big pond, and the sharks rule.
This situation is almost so bad that I feel like the big money will do whatever to protect itself and just walk away.
I just wanted to say that this is for you the shareholders, the investor that is so often left at the hands of the Market Makers profits. God Bless and I really hope and pray that everyone performs good deeds with their money.
I will stay in touch every time that my schedule allows. __________________ GODSPEED Rufus Paul Harris Chief Executive Officer Conversion Solutions Holdings Corp Harris*cshd.us
quote:Originally posted by glassman: amazing how the "seasoned traders" have now managed to explain that the NOBO list is now a vehicle for deciet over at iHub..
they are even quoting canceled debentures to find the missing shares...
i think this will end up making a good book...
If anything a NOBO list is an UNDERSTATEMENT of the shares owned. It only lists those investors who are willing to be identified.
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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quote:Originally posted by dog: Not to rain lava on our parade... but how much success has anyone had in making the naked shorts cover? It just seems that they keep shorting this thing to hell because they know they will only get a fine that is miniscule compared to the profits that they have already taken in.
We have to help ourselves.... alert the media, our government, anybody.
I have written my letter ( well Babes letter) to the appropriate people.. I posted her letter on HSM too. We have to write... write... write...
Its almost like voting if you don't vote it doesn't count! Otherwise, these MM's have just stolen millions of dollars from us. It is fraud, theft, and evil at that. We can't let them get away with it. I hope Rufus has some high power friends and more aces in his pocket.... cuz I feel like a little fish in a very big pond, and the sharks rule.
posted
Goood Morning all..... Still my gut says goooood ...eer .... greeeaaat things are coming! I think we will see over 80.00 by oct 1st if not 100.00 hehe just my opinion....news is great. ;)GLTA
-------------------- Never lookback... Posts: 896 | From: NY | Registered: Jul 2006
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quote:Originally posted by luvforever: Goood Morning all..... Still my gut says goooood ...eer .... greeeaaat things are coming! I think we will see over 80.00 by oct 1st if not 100.00 hehe just my opinion....news is great. ;)GLTA
Only if the SEC cares, and grows some teeth. The shorts sure haven't looked scared yet... I'm not sure this PR will do it.
posted
Good morning board. Was up until after 1am writing basically everyone in the State of Illinois. Will probably do the same today if I can tear my eyes off the charts.
Great things to come! GLTA
Posts: 528 | Registered: Aug 2006
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posted
Good morning everyone. Keep thinking about the statement, "We might not need a price reset."
Posts: 478 | From: Palm Desert, Ca. U.S.A. | Registered: Nov 2004
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posted
Why do I have this strong urge to watch Trading Places and replay the ending over and over again???? Posts: 528 | Registered: Aug 2006
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