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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Taki who wrote (148633)	8/8/2006 8:03:37 PM
From: Taki	Read Replies (2) \| Respond to of 150070

Very educational by Ex MMaker of who does what.Lately these MMakers are trying to wipe out all OTC little companies. Ameritrade has restricted over 200 stocks from buying from the internet.You can sell but not buying=Total BS.They say they are doing it to protect investors.LMAO.Protect us, or make us lose the rest of our investment, as you are trying to protect the MM trader that is naked short bigly in the stock. So by stop buying in the restricted stock what happens? No buyers,so prices will fall lower, and the people that hold the bags, will get discourage and exit by selling at losses. While the naked short seller MM will cover his mess.lol Even if you have accounts with other brokers it probably not make any difference as the big volumes come from Ameritrade, and if they stop the buying,in certain securities, other investors from other brokerage houses, will not want to participate.Read below to see who naked shorts and makes the big $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$. Regular investors will not sell short triple Zeros stocks or double zero stocks fellows,as there is to much risk and needs huge amount of capital, and hard to borrow these little stocks Read bold below very educational. Message 22669109 18 believe that the following information may be of value. 19 Back in 1995 there were approximately 5,000 broker- 20 dealers in the United States and of those, only 500 or so were 21 licensed, capitalized and registered as full blown NASDAQ 22 market makers. I was one of them. These firms have the 23 ability to move stock prices up and down as they see fit. As 24 a market maker I was privy to information and trading 25 exemptions that no one in the public has access to. I know -- 1 I knew about FBI and SEC investigations and I knew other 2 traders and market makers who knew the same information that I 3 did and we all traded. 4 Here in this country to short a stock you must first 5 borrow the stock. This is called an affirmative 6 determination. Then you sell it. Then you buy it back to 7 replace the shares originally borrowed. However, since those 8 who are running a scam know that they are running a scam, they 9 usually don't let their shares get out to be loaned out and 10 they insist on other shareholders to do the same. This 11 prevents average people such as me or anyone else in this 12 room, in the courtroom from being able to short any stock we 13 suspect is a fraud. 14 Here in this country the only people who could have 15 shorted BioPulse, the company that claimed to cure cancer with 16 urine, were the NASDAQ market makers. The only people who 17 could short Seaview and the ridiculous underwater surveillance 18 cameras were the market makers. Traders at these firms are 19 completely exempt from these artificial, meritless and bizarre 20 requirements, they can short any stock at any time for any 21 price for any reason without borrowing a share. 22 When I quit the NASD and became a private citizen 23 trading my own capital, I thought it was exceedingly 24 anomalous, indeed, perverse in an economic sense that I had to 25 trade in Canada to be on a level playing field with the 1 members only club run by the NASD. This is precisely why only 2 a tiny, tiny fraction of my site members, those who qualified 3 and opened a Canadian account had the ability to short any of 4 the obscure bulletin board stocks in this case. That is why 5 the government was forced to include unknown traders and hedge 6 funds from an unknown and top secret chat room. Average 7 Americans are locked out, they are frozen out from earning any 8 of the billions and billions of dollars these traders get to 9 split up amongst themselves. And that is why 99 percent of 10 all naked short selling then and now is done by these 500 11 market makers. It is a rigged system and that was my real 12 message. I wanted to get the average person interested in 13 participating in something that for 215 years has been 14 unavailable to them as Americans.