Thanks for the compliment. There are bugs to be crushed.
Apparently, as a professional, you have taken the approach that shorting a stock is a tactical measure for "crushing" people and companies that you consider "bugs" - shorting as a tactical means of "crushing" - this theme appears in quite a few of your posts.
Tactical shorting... sounds to me like another way of saying "price manipulation" or perhaps "market-cap manipulation" depending upon who you deem to be the target... retail investors, or companies.
In the "Elgindy" aspect of theology, it would seem that the "enemy" would be companies that one considers "bugs to be crushed" - so, perhaps, you are using short selling as a tactical means of influencing their market cap by helping to degenerate the price through short selling - either by yourself, through a Hedge Fund, and/or with the help of conspiring short-friends contemporaneously shorting the issue with you.
It still seems to this amateur investigator that your intent is to manipulate the market by using short-selling as a tactical measure. By your words, "bugs to be crushed," you have made it seem that you are at war and using short-selling as a means of attack.
Is that illegal? Does it fall under the Securities Exchange Act of 1934, Section 9:
Section 9 -- Prohibition Against Manipulation of Security Prices
a: It shall be unlawful for any person, directly or indirectly, by the use of the mails or any means or instrumentality of interstate commerce, or of any facility of any national securities exchange, or for any member of a national securities exchange--
1: For the purpose of creating a false or misleading appearance of active trading in any security registered on a national securities exchange, or a false or misleading appearance with respect to the market for any such security,
A: to effect any transaction in such security which involves no change in the beneficial ownership thereof, or
B: to enter an order or orders for the purchase of such security with the knowledge that an order or orders of substantially the same size, at substantially the same time, and at substantially the same price, for the sale of any such security, has been or will be entered by or for the same or different parties, or
C: to enter any order or orders for the sale of any such security with the knowledge that an order or orders of substantially the same size, at substantially the same time, and at substantially the same price, for the purchase of such security, has been or will be entered by or for the same or different parties.
2: To effect, alone or with one or more other persons, a series of transactions in any security registered on a national securities exchange creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.
3: If a dealer or broker, or other person selling or offering for sale or purchasing or offering to purchase the security, to induce the purchase or sale of any security registered on a national securities exchange by the circulation or dissemination in the ordinary course of business of information to the effect that the price of any such security will or is likely to rise or fall because of market operations of any one or more persons conducted for the purpose of raising or depressing the price of such security. |
