Hope I'm not interupting anything. I need everyone's help. Naked shorting should be illegal. Some market makers claim that they use naked shorting as a tool for providing an orderly market, but they are lying peices of shit !! (Hope I was clear on that) The market should decide what is orderly and what is not. It should not be up to any one person to decide which direction a stock should go, or when it has gone high enough. Most times, market makers are using their right to naked short stocks to pummel the crap out of them. Well, I say, if I can't naked short a stock, why should anyone else have the right to do it. I call on each and every trader here to send a mass of constant and repetitive emails to the SEC demanding that this illegal activity be stopped. Naked shorting is a license to steal. Stealing is illegal. Market makers are not supposed to be Gods, but some of them seem to think they are. Please, join together to fight for a fair market. We will level this playing feild one damn rule at a time. We got the selective disclosure thing while the bonehead theiving analysts fought it. We can get rid of this naked shorting thing too if we are persistant. To help, send emails on a regular basis to ...
enforcement@sec.gov
They will send you a form letter in return saying that they have received your mail and that they will look into it, blah, blah, blah. Just reply to each one of those form letters until they get the point. I truely beleive the SEC is a quality organization and that they are out for the individual investor. Sometimes you just have to light a fire under their ass.
Imagine owning a stock that you have been sitting on for quite some time. One day, news comes out from the company you are vested in and it is fabulous news. But one or 2 of the market makers is a little short on inventory so they decides to "squash" the rally by selling, and selling, and selling stock that he does not own, he has not borrowed properly like the rest of us have to do, in an effort to create an illusion that there is something wrong with the stock, creating fear in new investors. You come home, and your stock made a nice move, but then, got squashed...even in the face of heavy buying. Who has the right to take that return from you as an investor? Most market makers think they do. And the law is giving them the right to do it. That law needs changing....now!
Hey, I'm no dummy, I know they have to cover, but the bottom line is they have interupted the normal flow of money in your stock. And that ain't right. Do your part. |
