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: dvdw© who wrote (3634)	7/27/2008 11:40:34 AM
From: makeuwonder	Read Replies (1) of 5034

The SEC's order will require that anyone effecting a short sale in these securities arrange beforehand to borrow the securities and deliver them at settlement. The order will take effect at 12:01 a.m. ET on Monday, July 21. In addition to this emergency order, the SEC will undertake a rule-making to address these issues across the entire market. For the record. At least my laugh wasn't for nothing. I am still red-faced I messed up that last post but look what wishful thinking got me this time. the SEC will undertake a rule-making to address these issues across the entire market. If not for people who think complicated things yet can present them in simple terms this whole thing may have never been found out. Who would suspect? Can't trace it unless your part of it. It's about time they admitted to selling fake shares. But what now about all the previous lawsuits that have been filed regarding their company being naked shorted into a death spiral and the Judge ruled there's no such thing? I don't think they should be allowed to use a Statue of limitations ruling on this stuff because even though the time has gone by just because they haven't resolved the case shouldn't mean that they are not "NOW" caught and therefore they should not have a time anymore. They are now guilty of a crime. I don't get how these people escape prosecution due to the Statue of limitations runs out before they get to Court. Bull!!! They are done with that protection aren't they? There's no more nothing like that for them. They are a "CRIMINAL". They are up for prosecution of committing a crime. That's it!!! If they didn't want to go to jail for doing something wrong then they should have said "NO"!!!! Now. How are they going to cover the shares? If they print this in the local news will people still get what they are talking about? I know several around me who will but that was after talking until I was blue in the face trying to explain how this works. And then only to find out that it's even bigger yet. So what about my idea of letting the markets open on the weekends and the only trades that can take place is those who own shares of a stock are able to sell those shares. And Market Makers are only able to buy real shares of stock those being shares they should have bought in the first place. The reason behind my thoughts are people have all sorts of ideas for their sell price. People will sell if the price is right. Then you best look at the company you are buying into instead of reading a message board. What do they do? How much does it cost to do it? Would people need it? Want it? How long will the product last? Etc... I've got two ways of seeing the end results of this problem some greedy people got going. Hopefully their greed hasn't ruined their Country. I don't know if people really realize how big this is and in a way I think that's the best thing. What if the market were to run artificially high due to another sort of greed. That would be just as bad. So I think best just not make a big deal of it and get the shares bought. JMO, Kim

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