For those who want to learn about naked shorting and manipulation by MM's and hedge funds and associated traders, take a look at (besides my board here on SI lol - siliconinvestor.com
thesanitycheck.com
thesanitycheck.com
This is becoming a great website where those who want to learn about the scamming and manipulation in this area.
Welcome to The Sanity Check
This all-new Sanity Check website is intended to be an independent news source covering the Market Reform Movement. "Market reform", because much evidence suggests that our U.S. equities markets are out of control, and will either collapse under the weight of their own larceny, or be reformed, and operate in a fair and reasoned manner. The most pressing issue concerning many is the Naked Short Selling crisis affecting our stock market. This practice is a cancer whose malignancy threatens popular faith in the integrity of the entire market system.
It has many names. Some call it market manipulation, some call it naked short selling, others call it failing to deliver, still others electronic counterfeiting; many call it fraudulent stock trades. Whatever your vernacular, it is the processing of a stock sale transaction in order to depress the price of the stock, with no subsequent delivery of the stock - the buyer never gets what he paid for. The practice as described is illegal, and likely represents the single greatest threat to the US equity markets, as well as the US financial system, and the engine of American prosperity that is the ability of smaller, early stage companies to access the capital markets, in order to develop and grow their businesses. Naked Short Selling is widespread, malevolent, and is at its essence, simple fraud - money is exchanged, but no product is ever delivered. |
