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

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From: pcyhuang7/16/2008 10:27:57 AM
   of 5034
 
Abusive Shorting -- My Posting on the NY Times

33.
July 15th,
2008
4:07 am
Abusive Shorts and Required Regulations

When will the regulator wake up to the evils of naked shorting. Let’s look at recent option trading history of FNM and FRE. In the case of FNM, the put/call open interest ratio reached a 96% percentile reading on JUly 2, and in the case of FRE, the ratio reached a 100% percentile reading on June 25.

In both cases, the put/call ratio reached an extreme level before the total collapse of the stock prices. This is an emergency calling for an unusual regulatory response. The regulators should immediately reinstate the uptick rule for short selling, and strictly forbids any naked shorting.

fotothing.com

fotothing.com

— Posted by pcyhuang

norris.blogs.nytimes.com

Cheers,
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