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Politics : RAMTRONIAN's Cache Inn

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To: Tom Caruthers who wrote (13855)2/24/2008 2:25:38 AM
From: NightOwl   of 14464
 
You can say that again. Every small cap with a growth story is being churned like butter in an economy where growth should be commanding the best prices.

The market is no longer a pricing mechanism in any sense of the phrase. I'll wager the naked short sales are at an all time high with the FTDs being traded between brokers and by-passing the DTC's reporting "system."

The SEC's weak willed attempt to regulate the fraudulent sales has probably only emboldened the counterfeiters and directed the fake trades away from the DTC. The small caps are probably the easiest targets since they have the least clout and the fraud won't stop until they get together and force the politicians to clean it up.

We'll know the problem is solved when they announce an audit of the alleged "trust" account of securities held by the DTC for the electronic trading system. <Hoo><Hoo><Hack><Ack><Ugh>

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