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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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To: rrufff who wrote (3112)12/28/2007 7:59:28 AM
From: NightOwl  Read Replies (1) of 5034
 
Hi Mr. Rrufff...

Are the equity markets at risk to the whim of those who would game the system for their own benefit?

Well yes... but then the system itself is fairly "gamy." I mean... having been established by a particular "legion" to maintain the favored status of those who benefited from it.

From where I perch... Elgindy isn't much worse than anyone else. True, he has no respect for rules or laws, but then respect for the SEC and its list of "do's and dont's" is pretty hard to find any where these days. As best I can tell Elgindy's principle problem seems to be a complete lack of empathy regarding anyone or anything else.

I would be very surprised if this were not a problem to one degree or another for at least 98% of humanity. Most people want traffic laws enforced against every one... yet most people also disregard those laws to some extent and hope to avoid being caught. There's reason to believe that the same is true in every other area of the law.

If it were up to me I believe I'd let him go... But I'd probably neuter him first... and everybody else in his line of capable of making babies. <vbg>

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