Auric,
I spent seven years in the securities industry as a retail account executive and later as a branch sales manager, but have been out of the business for more than ten years now. Of course regulations change over time, but I know this one regulation still exists:
NO RETAIL CUSTOMER IS ALLOWED TO BORROW CASH AGAINST, NOR SHORT, A SECURITY WHICH IS NOT MARGINABLE. ONLY REGISTERED SECURITIES BROKER/DEALERS MAY SHORT NON-MARGINABLE STOCKS.
If you are shorting this non-marginable BB stock as you state, then obviously you are a Registered Securities Dealer. Care to identify your firm? I doubt that you will respond with this information for several reasons, one being that Broker/Dealers are subject to trading regulations also. Such as net capital requirements and trading position limitations. I suspect that the "supercap" maneuver you refer to is as illegal as the "pump and dump" manuever of the scam artists that you so cavalierly target for profit. IMHO, I also doubt your character and principles are much different than those with whom you choose to duel.
My humble and wise Mother always preached to us children, "if you play with mud, you're going to get a little on you" How dirty have you become?
You see Auric, I lost my good senses last week and bought this hyped stock at the high tick last Monday, or was it Monday before last? Anyway before I regained consciences, I had lost six points and bailed the same day and have just been watching since. Somehow I get the impression that you think we speculators, who lose our good sense a take a flyer, should be thanking you for exposing these frauds at AENG, but in reality I guess that you "supercaped" the rest of the longs in the market, along with Patterson-Travis, with what I suspect is a SEC violation of trading regulations.
Where are you SEC when you are needed?
Care to respond, Auric?
WMG |
