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

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To: Buckey who wrote (95691)10/1/2006 9:58:16 AM
From: Jeffrey S. Mitchell  Read Replies (2) of 122087
 
Penny stock investors all seem to be indoctrinated with the idea that FTDs and naked shorting are one and the same. Recall when NCANS FOI'd the data and found the vast majority of the trades marked long they came up with some crazy conspiracy theory about how plants at the DTC were essentially switching the sales tags to deceive everyone.

The DTC, for its part, could be more transparent about the actual cause for the FTD, but, as you've been reading, they claim doing so would reveal too much personal trading strategy data on their clients. If I were the DTC, I get one of these clients to speak up for themselves. I'm not saying the DTC has a credibility problem, I'm saying they have the appearance of a credibility problem. Just because you are an elephant, doesn't mean you shouldn't try to squash that annoying loud mosquito.

- Jeff
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