Naked Shorting-Hedge Fund & Market Maker manipulation? Message Board

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

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To: Sidney Reilly who wrote (3377)	4/8/2008 11:41:49 PM
From: makeuwonder	of 5034

I've often asked that same question. What happens if they don't have the shares to cover? Word gets out they need the shares which creates a huge buying spree that no one needs right now. They need to purchase the shares and yet not get the stock prices too far out of line with the estimated value or future value of a business. I keep posting it might not be a bad idea to let the brokerages who are naked shorted shares have the ability to buy stock on the weekends and trader's only able to sell stocks on weekends. That way for every share they purchase of real shares covers at least that naked shorted share. They need to make them pay up. They can't just slap them with a fine that the Justice department keeps and the Lawyers get. I don't get it. The Justice Department gets all this money but it never seems to go back into the pockets of those it came from. Most are settling for penny's on the dollar if they are lucky. What/Where does the Justice Department spend all their money at? It all seemed so obvious years ago and when I'd bring this stuff up I'd get slammed so hard for being a nutcase. Now look at it. But there's still a chance to make this right if people use their heads. I'd rather the general public didn't understand it now. They all run around like chicken little the sky is falling and they don't have a clue why they are saying it. We need to make them buy the shares. We need them to report how many shares there is shorted. They know this number. It must be awful scary since it hasn't even leaked as far as I've seen and I look a lot. If the broker/banker didn't actually buy the stock then they will have to refund the money. Then let the person buy their shares again. It sounds like if you hold your shares at a bank or with a broker they were loaning out your shares. They are not technically yours until you request your certificates and then they get them from the DTCC I think. Or CEDE maybe. That part is confusing to me still. But it sounds like they have them in street name which is probably the broker. I also think that the vote has been what the street votes for all along too. I suspect there was many times a company took a vote and the broker voted for us in the street name with that many number of shares. Just my suspicion. Most people think there are laws that don't allow this stuff so it can't be happening. It's hard to know what to do when really that's what should be happening but scary to know it's not. We need to clean house that's for sure. Put me in there. There's not enough money to make me sell out our Country. The salary I'd probably make would be more than I've ever made anyway and be enough to suit me fine. I don't think so many people realized there were that many "SO MANY" of them all doing the same thing. It got out of hand and esculated to a serious level as more people caught on. Little banks and brokerages popping up everywhere all doing the same tricks. So weird. I still have my copy of the complaint I filed over a year ago with the IRS on this stuff. LOL!! I couldn't help it. It made me so mad to think these guys throw a company with an innovative tech or life saving drug into a death spiral short it all the way down, make tons of money and no one even pays attention to the money they made. It's like oh well. I got a write off. My shares are worth nothing. No one knew they shorted it because the shares were never bought to begin with. There was a new Director coming on board with the IRS and he was welcoming people to file a complaint if they knew of any fraud and you get a percent of it if what they find out is right. A percent of the money collected. I thought heck I should turn in my brokerage. So I did it. And for some reason I had a few other tax id numbers but named places that I didn't have that information for. Man if I got a percent of that money I'd never have to work again. I think it would be humungous. Speaking of humungous. Have you guys been reading about some place or entity or govt group or I don't know what called the Humungous broker and banker? It bailed out the same way Bear Sterns got bailed out in 1932 right before the depression. That's the last time it was used. Just thought I'd throw that out there that I read it. If they force them to bring in the dirty money from off shore accounts and pay up then this market will be fine. If they don't do it right this time then I don't know. It can't be slapping on the hands and give them some peanut fine and let them keep the money. They got to produce it this time and it's got to work itself back into the system. I sort of wonder if that isn't the role of this little middle company between Bear Sterns and Morgan Stanley and the bail out money. Is it to purchase back the shares they failed to buy to begin with? The market sure has some weird trading patterns right now. All JMO. Or most of it.

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