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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
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From: rrufff9/27/2008 8:42:37 AM
8 Recommendations  Read Replies (1) of 5034
 
Hope everyone is amused by the self-styled "crusading cyber sleupps' " frustration with the issues of manipulative shorting hitting the popular press, including CNBC. It's been a long road.

I still find it funny how this "crew" so quickly is there to bash excesses in corporate culture, but ignore the massive flow of funds to hedge funds and trading pools that rely on manipulative shorting, fails to deliver, front running, trading on planted rumors and bash, and, of course, little things like purloined FBI data and extortion of CEO's.

This is not to excuse corporate excess including CEO abuses in the form of pay for non-performance or various forms of P&D. I'm sure most of us here find it disgusting when we read of failed companies and tanked share price with payments made to incompetent management.

The "crew" seems to want the public to believe that manipulative shorting doesn't exist or that it should be allowed if CEO fraud or mismanagement exists. The Batman defense didn't work in the trial of the famed bash king short seller and it won't work with the public.

The logic and reality is that "there is plenty of scamming to go around," and only those with an agenda would deny that and claim that manipulative shorting should be ignored because it somehow hurts another scam. We don't need more "my scam is ok, other scams are not."
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