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To: StockDung who wrote (3326)11/26/2000 12:51:27 AM
From: out_of_the_loop  Read Replies (3) | Respond to of 5582
 
Presumably you must consider this "information" relevant so you will be spamming it to all the other threads that should know this, viz. all those other stocks, guilty by association.

Using your logic, you blame rape victims for their own rapes?

****

Here are a couple of sentences about how one can manipulate through shifty shortselling practices (from your link):

As the clearing broker, Bear Stearns's compliance department continually monitored the short positions maintained in the Introducing Brokers' trading accounts and knew, or was reckless in not knowing, that the Introducing Brokers were engaged in excessive short sales on behalf of customers. Bear Stearns received substantial profits from these transactions and, accordingly, failed to act. Instead, Bear Stearns made credit readily available to the Introducing Brokers' customers so that they could continue to execute short sales.
Since many of these short sales were in Manipulated Securities that had artificially inflated and maintained prices, customers would be forced to repurchase the Manipulated Securities at higher (rather than lower) prices incurring substantial losses.

**
Moreover, Bear Stearns, as the clearing broker, knew that restricted stock was used to cover this huge short position but, nevertheless, cleared the trades regardless of the prohibitions printed on the face of the securities.


Also,presumably you should be spamming the shortsellers' threads that no doubt engage in these tactics.

Perhaps you could do some relevant research on "naked shorting" and also share it with your buds - although I am sure they are well-aquainted with it.

Now there would be some actual relevant truth to seek. But we will just assume you will continue to supply us with the type of stuff you have been.