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: rrufff who wrote (3823)	9/21/2008 12:04:30 PM
From: The Ox	2 Recommendations Read Replies (2) of 5034

The problem with all of these discussions is that none of us have the whole truth - the information regarding the size and extent of naked short selling is being withheld from the public at large. This is why the shorts are crying foul. This information has been their secret, their hidden truth. The rules are not being enforced and they don't want the game to change. Its their secret. Its their ace in the hole. The game has been slanted so that the shorts are, literally, playing down hill while the longs have to run up the very same hill!! We do know that, at a minimum, the DTCC tells us that 1% of daily trading volume comes in with a failure to deliver. That's billions of dollars every day. Maybe more...and who knows? They won't disclose the extent of the problem. At least the people on this thread, who've been kicking around the issues and solutions, have acknowledged that we don't have all the information. I think it is wrong what happened on Friday. It was blatant market manipulation to change the rules on a Triple Witching Friday. This is just as wrong as allowing the short side of the trade to work with different rules as the long side has to deal with. Wrong, with a capital W. Its wrong that only financial firms had the short rules changed. Its wrong that it happened on an option expiration day. Its wrong that its causing trouble in the options market. Its wrong that the SEC has not enforced the rules until the market blew up in their face. There's a lot wrong with these markets.... EDIT: its wrong that the sharks were allowed to take down BSC and LEH but were halted in their tracks when they went after MS and GS. Its wrong that the rules changed 1 week after the same manipulation took down 1 Wall Street firm!!! jmo TO

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