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 (4367)	4/26/2009 10:36:39 AM
From: makeuwonder	1 Recommendation Read Replies (1) of 5034

Ruff wouldn't the story you call OT be "ON TOPIC"? It's just part of a grand scam that possibly/probably started this whole game? Like I've always said it's a domino effect in both directions. One they start putting up the domino's and then when something goes wrong they all start to fall. This guy was "naked shorting" shares and using the money for other purposes knowing the traders weren't going to request their certificates and as long as he could keep up the image things were fine he could keep pocketing the money. Think of how much these funds make just in trades alone. They get so many dollars a pop. So if the fund keeps trading all the investor's funds they keep a steady source of revenue going on top of all the scamming they are doing. It's due to putting way too much trust in a government (SEC, DTCC, ETC...) office. They need to investigate all the brokerages back offices. I suspect we'll find a secretly run scam going on in them all. That's what always made me keep posting to people to get their certificates. If this is really what I think it is they might not be able to cover the shares. If you don't hold your certificate that is registered in "YOUR NAME" not your brokers name then you don't actually "OWN" the stock. If it comes down to the brokers/banks having to cover the shares they have failed to buy maybe there won't be enough shares in certain stocks to get. Some might hold them tightly. Then what? My mind tells me it could end up like this. They could give people a portion of their money back or they could take what shares they do have and divide them into a percent and that's what you get. Who knows? But it seems like it would be a good idea to me if you "Really" want to have shares in a stock you should request the certificate for that particular issue. If you don't care or it's one you are most likely going to get rid of soon or plan to trade then leave it alone. I keep all shares I don't want to sell in the safe deposit box. When I would request my certificates the broker would try everything to stop me. They have even told me I couldn't do it at one point. Then they pray on you with getting you to think of the expense of it or tell you how hard they are to trade. It's a little bit more difficult. You have to physically take them to the broker's office. I know, I've done it. That's another reason I can't buy the dog ate it story. They would not let me trade my shares until I brought or mailed them to the office. Better send them insured with a signed receipt if you mail them.

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