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Microcap & Penny Stocks : PLNI - Game Over

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To: scion who wrote (8297)10/20/2006 7:17:07 PM
From: iwannaride0  Read Replies (1) of 12518
 
• Illegal “naked short selling” involves placing a sales transaction, but not borrowing the stock, and simply failing to deliver it on delivery day. It is also called “failing to deliver” or FTD – or delivery failure.

• Delivery failure is a significant problem nowadays, as it can be used to run stock prices down in a manipulative manner. Delivery failure in any other industry is called fraud. Hedge funds are the biggest culprits in this illegal trading strategy, with broker/dealers right behind them in the culpability queue.

I am sure your familiar with this tune...
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