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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
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To: basserdan who wrote (3647)7/30/2008 4:28:04 AM
From: rrufff   of 5034
 
Thanks Basserdan - that's a must listen by all - thanks for posting it.

Points taken

1. Inaction may lead the public to abandon the market. (Without targets, can big money hedge funds make money?)

2. Hedgies have to make huge profits to justify huge fees and some become "bad actors."

3. Overwhelming force of naked short selling makes it impossible for companies to raise capital.

4. Rumor mongering (paid bashing?) - in the bank area.

5. Bank stocks have now risen with emergency order banning naked shorting. Others got "shredded."

6. Extend to the rest of the market. No stocks should be subject to naked shorting. Protect us from the most desperate of hedge funds. Hedge fund lobby is fighting this. Brokers are complaining of higher costs and cumbersome, even while the shorts attack them. They need to raid YOUR stocks to win and justify huge fees.
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