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: basserdan who wrote (4650)	10/14/2009 3:24:26 PM
From: gregor	1 Recommendation of 5034

We are not even discussing high-frequency trading and flash orders yet. Combined they now account for 60% of all orders. When at a time we are concerned, to say it mildly, about attracting foreign investment into our system, Shapiro comes out and says they are "thinking about" banning flash orders, which is the much smaller of the two. That was just a head fake to take attention away from the more serious matter. If you can believe that a computer two blocks away from the NYSE can have an unfair advantage over a computer in New Jersey, imagine the advantage over a computer in Bombay, or Bonn, or London. Our biggest crisis is that of confidence in our system of capital formation, which left unchecked will come back to haunt us for decades. Mary Shapiro is turning out to be as bad as Christopher Cox, and Obama is talking out of both sides of his mount when he says he will curb massive Wall Street fraud one day and allow the system to perpetuate itself. First step has to be the reinstitution of the uptick rule, and where is that....will it take another crash this Spring to make them believers ?

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