SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rrufff who wrote (4483)6/18/2009 8:24:18 AM
From: rrufff3 Recommendations  Read Replies (1) of 5034
 
SIRI - has so much interest largely because it's a penny stock with lots of buzz and lots of shares. So, it's a target of many arguments. Some claim manipulative shorting. Others claim it's a dilution/financial disaster. The truth is probably somewhere in between. What's interesting for traders is that it runs very quickly both ways and the trend is now positive.

satwaves.com

Obama Coming To Sirius XM’s Rescue?
By Brandon Matthews 13:42 ET

Although much of the Presidents address focused on financial institutions rather than American industry in general, it does provide for regulation of hedge funds and closes loopholes which currently allow for the fleecing of America, as they did to investors in Sirius XM Radio earlier this year. From the moment the President announced reforms, Sirius XM stock spiked up 10% as he spoke.

The President’s proposals fell short however, in that they fail to address a major problem directly. Naked short selling, and the reinstatement of the uptick rule. As the movie Stock Shock demonstrates, the only reason that the American financial system was saved, was in the fact that the SEC suspended short selling in bank stocks, which allowed Citigroup (C) for example to grow again. Other industries would seem expendable by current regulations.
<more>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News