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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Janice Shell who wrote (90913)2/15/2005 7:00:21 PM
From: StockDung  Read Replies (2) of 122087
 
GAYLE ESSARY SAYS "The broadcast itself has since been censored by Lycos."

StockGate: ‘Phantom Selling’ Could Endanger Mutual Funds, Says NBC’s NY Affiliate

FinancialWire®

February 15, 2005 (FinancialWire) The issue of illegal naked short selling in the national scandal known as StockGate continues to gain traction. In a production on General Electric’s (NYSE: GE) –owned WNBC in New York news anchor Felicia Taylor told New Yorkers last night that “phantom selling” of stock can undermine both individual investments and mutual funds.

Companies such as Overstock (NASDAQ: OSTK) and Novastar Financial (NYSE: NFI) were cited as among those whose shares are being artificially “manipulated.” The broadcast is also available nationally on Sirius Sattelite Radio (NASDAQ: SIRI).

The broadcast itself has since been censored by Lycos.
Taylor said more than 300 stocks are on the “threshold lists,” that identify those companies that have had significant fails to deliver and are “artificially down” due to market manipulation.

Taylor referred her audience to WNBC’s website to learn which companies have been targeted by illegal selling of “phantom shares.”

WNBC posted the information at wnbc.com

The whole Investrend article at:
investrend.com
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