The New (Profitable) Ramtron Message Board

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Technology Stocks : The New (Profitable) Ramtron

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From: makeuwonder	10/19/2007 7:47:49 AM
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OT:It looks like bashers are going around asking where the big short cover run was on Oct. 15th. Lot's of people are confused about how that ruling goes. They have 35 days now to cover. After the 35 days they are prevented from trading stock in any security they are short until they cover the position. I wonder what they will do with stocks like Overstock.com? The owner and one or two more people bought all the physical shares of this company all the while it was trading millions of shares each day. Then Patrick Bryne owner of Overstock.com placed a lawsuit and sent letters to Senator's for investigation. Anyone interested in this information let me know and I'll post it after work. They naked shorted it in a couple different ways. One just regular the other using hedge funds. They would use the number of shares people own in their mutual funds, IRA's and other funds for numbers of shares they shorted against. I remember some guys from PAYD were trying to acquire a large number of physical certificates around 2004 when PAYD demanded stockholders get paper certificates and they were saying how safe their shares were because they were in a IRA. I was joking and said I wouldn't be too sure about that. So to test the water he decided to spend the money to find out and sure enough his shares were being used this way and it took them a long time to get his shares to him. He fought with everyone over this and would post the messages. That's one point people started taking this serious. Before that they were bashing anyone who brought it up. Again anyone wanting to see Senator Bennett's letter to the House or some other information I'd be glad to find it for you. I'm still not sure how deep it all goes. If it's more banks, brokers or if it goes deep into the SEC, CEDE, DTCC and Federal Reserve. I find out CEDE is where the stocks are placed after they get counted at the DTCC for storage. Some were calling the DTCC and CEDE the biggest monopoly in the world. Got to go.

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