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Gold/Mining/Energy : Casavant Mining Kimberlite International (CMKM) -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (2184)	6/17/2006 8:23:48 AM
From: StockDung	Read Replies (1) \| Respond to of 2595

VERY FUNNY THAT BYRNE. BYRNE HAS NOT SUED ROCKER FOR NAKED SHORT SELLING. YET HE TALKS LIKE HE HAS. AS YOU KNOW HEDGEFUNDS CAN NOT NAKED SHORT A STOCK AND MUST BORROW STOCK FROM A STOCK BROKER. TIME FOR BYRNE TO PUT UP OR SHUT UP. IF ANYTHING HE CAN SUE THE MAJOR WALLSTREET FIRMS FOR LENDING STOCK WHICH THEY NEVER HAD TO LEND AS SEEN IN THE LATEST HEDGEFUND VS WALLSTREET LAW SUITS. EVEN WITH THIS I BELIEVE THERE IS A LOOPOLL AS THIS HAPPENING IN GENI . NAKED SHORT SELLING ALSO IS NOT AGAINST THE LAW AS BYRNE HAS STATED. BROKER DEALORS CAN NAKED SHORT STOCK TO MAKE A MARKET IN A STOCK UP TO THE REG SHO LIMIT. ========================================= Short-selling accusations probed Dow Jones Newswires Published June 17, 2006 WASHINGTON -- The Senate Judiciary Committee will be examining the short-selling activities of hedge funds and independent analysts, a subject that has generated headlines and lawsuits alleging collusion and market manipulation. A hearing has been set for June 28. Overstock.com Inc. CEO Patrick Byrne wasn't invited to appear, according to congressional aides. The head of the Salt Lake City-based online discount retailer has sued hedge fund Rocker Partners and small stock-research firm Gradient Analytics Inc., alleging they colluded to have Gradient issue negative reports on companies that Rocker had sold short. "Naked short-selling is against the law, and we're concerned about it," said a spokesman for Sen. Orrin Hatch (R-Utah), a committee member. Short sellers borrow shares for sale and profit if the stock price declines. While the practice is legal, Byrne has attacked "naked" short sales in which sellers don't borrow shares before selling, which he says may have destroyed hundreds of small companies while enriching hedge funds and Wall Street bankers. Rocker is now known as Copper River Management of Millburn, N.J.