Just catching up with some of the boards that defend manipulative short selling and I find a couple of things fascinating.
There are a number of posts by followers of Anthony, here is one
Message 24182984
directly posted via his spokesman where the argument seems to be
Once you get by the name calling, i.e., calling those who disagree with him Nazis and yet claiming to be a kinder and gentler version, it all comes down to given the fact that
MM's are entitled to naked short, why shouldn't all of us be able to naked short in order to fight manipulation on the long side, e.g., IPO's that are overpriced and fraudulent plays?
There is no need to defend overpriced IPO's, P&D by promoters and insiders, and those of us here have not done this. But, the method of smoking out is to make the markets fair for all, with access to trading and fundamental information available to all, not hidden and protected.
What he claims as his right is merely an attempt to get in on the manipulation.
Isn't it more logical to do argue for the following?
1. Better enforcement against P&D by insiders and promoters by requiring ADVANCE notice on Edgar of any sales and promotions.
2. Instead of wanting to "get in on" the MM scam, which he seems to admit abuses the exceptions that bar naked short selling, strictly limit this exception. In today's auction environment, the technology exists such that MM's should be able to close a position perhaps in seconds, but certainly positions should not fail to close for months or even years. Clearly, the logical approach is to close the loophole of manipulation, not to widen it for all to "enjoy." |
