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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?


To: rrufff who wrote (2886)10/17/2007 8:42:07 AM
From: makeuwonder  Respond to of 5034
 
Okay ruff I read this.

"The amendment requires Participants to close out any previously-grandfathered fails to deliver in a security that is on the Threshold Security List on October 15th. The close-out must occur within 35 consecutive settlement days of

October 15th. If a security becomes a Threshold Security after October 15th, all fails to deliver must be closed out within 13 consecutive settlement days.

What do I have to do on or after October 15th?

This amendment does not require NASDAQ to make any changes to its Threshold Security List. However, Participants should ensure that they close out previously-grandfathered fail to deliver positions within the time frames established by the amendment. Participants that do not close out these fail to deliver positions within 35 days will, by rule, be prohibited from accepting any short sale orders or effecting further short sales in these securities until the entire fail to deliver position is closed out.

____________________________________

This says to me this. They are not able to short that stock until they get their naked short position covered.

The problem this makes me think is little company's like USXP better watch out because it would be easier to BK you than to cover. Which while you think USXP is a scam I thought it just might turn around and make a go. I really liked the idea we ship our luggage apart and may have caught on and a little company ends up big. Just a hope I had. I saw the possibility. Now they send the SEC in to rip it all apart. Yes. I'm pretty sure RA was involved with some of this stuff. He couldn't have done it alone though. The SEC, DTCC, Brokerages had to have been just as guilty. Where's their names at?? Who are they?? Why no lawsuit about this?? I think they knew there was no way they were going to cover the naked shorted shares in that company. The numbers had to have been HUGE. Somedays that stock would trade so fast and furious you couldn't watch the streamers it rolled so fast. OSTK got lucky to have someone with funds behind them and was able to keep it in the light. And maybe it worked like this. RA was just as guilty and knew he had to go out because he was part of the grand scam and this is his part. The fall guy. Maybe the whole thing was a grand scam play out for years and suckers like me who had thoughts about creating a business, the lost American dream.

Maybe it will clean it up here on. We should demand to know the numbers now. This would be a change. We haven't been able to get them yet have we? Maybe I missed some news.

I'm sort of curious if over seas will have to follow the same rules being they are trading under out rules by moving into the market they moved into wouldn't they? It's all the NASDAQ, whether it be in Germany, Canada or United States. If it's not now we should also rise up and request the rules are Universal to the exchange not the Country. Since we're going global anyway right? It should only make sense to those global going folks up there anyway right?

Thanks. Just thinking and trying to figure it out.



To: rrufff who wrote (2886)10/17/2007 11:02:54 AM
From: makeuwonder  Read Replies (1) | Respond to of 5034
 
Okay ruff think of it this way. They might be covering. Look at certain headlines today.

reuters.com

I'll post news above at end of message.

They scare people on the opening news because that's most likely when many people read it before hitting work. So they (people like us) read the news in the morning that oil is going sky high, putting pictures of the depression days behind it and and blast us with fear. The market opens red and then all the sudden it goes green for awhile. Whose buying on all this awful news??

It's working just like the news releases that were working to get people to buy as they naked shorted it. Doesn't this look like the same kind of promotion only a different poise on it. Is that what I want to say? Spin maybe?? They are so tricky. If people held on they would have had a harder time covering the naked shorted shares in positions they want to trade in. I bet almost all stocks that had funds invested in it were naked shorted the number of shares the fund held in it and maybe then some. Figuring they could always buy a certain number of the shares and that the day of cover would never come. I hope that part is eliminated now.

It would be bad if people just started buying in a frenzy though raising it up artificially high. Equally as dangerous. But don't your gut feel like the NASDAQ should naturally be at least 5000. That's what it was when they started seriously naked shorting it to death around end of 1999. There's a lot of tech companies that were hit hard that are starting to come to light. Products are not being sampled anymore but being put in products and going to market. It takes time to put new tech to market since they had a bunch of the old tech they had to finish selling out. Can't bring it on too fast. Got to pay for itself. Now we have more new tech coming on board and old tech is going out. We're being forced to upgrade again. Look at the televison. What?? We will be watching a blank screen next year isn't it?? Not that we're hearing a lot about it. I'm sure it works in conjunction with this same dirty tactic they give us with the rest of the news. Don't tell them and we can keep selling these televisions that won't work next year. Then we can sell them a new television then too.

Like the story says people are selling out their stock funds and buying into bonds. Look at what this says. It makes it easier for these guys. I wonder if they get rid of the tech stocks first right now. LOL!! I've no doubt they need those shares. Then if the market holds out like some say it will those selling into this news will be buying back again at a higher price. Then they can short again. Vicious circle.

And lastly my favorite tech stock that I feel deep in my heart will be moving up someday if I just keep hanging on is RMTR-(Ramtron). I mention it because it was hard to resist and I really believe anyone who lost money in the market might make it back with this one. The MM'S love to pull it way way down so they can catch people who put on stop losses. And most people buy it thinking they are going to make out right now. Or in a couple months say this is a dog not worth holding and sell it. But in the LONG RUN I think this stock will pull a surprise and go up fast and furious all in one week. And then they will be HAPPY they held it long without a stop/loss. I feel it's closer now than ever and I've learned a lot about patience and sampling over the past 12 years or so I've held it. I think it's day is due.

______________-

TREASURIES-Prices rise as investors focus on risks
Tue Oct 16, 2007 5:02pm EDT
(Updates with late prices)

By Ellen Freilich

NEW YORK, Oct 16 (Reuters) - U.S. government bond prices rose on Tuesday as credit market worries and sliding stocks prompted investors to seek the safety of Treasuries.

Disappointing earnings and outlooks from banks such as Wells Fargo & Co (WFC.N: Quote, Profile, Research) suggested an extended period of credit shortages, feeding the safe-haven bid for U.S. government bonds.

"Bonds are responding to continued negative news on the credit front, including Citicorp's earnings report yesterday, which indicated that loan losses would be a problem through the fourth quarter, and Wells Fargo today," said William Sullivan, chief economist at JVB Financial Group in Boca Raton, Florida.

Wells Fargo on Tuesday reported that its third-quarter profit rose 4 percent, the smallest gain in more than six years, as losses climbed from mortgage, home equity and auto loans.

The plan by Bank of America (BAC.N: Quote, Profile, Research), Citigroup (C.N: Quote, Profile, Research) and JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) to pool funds in an attempt to prevent the dumping of billions of dollars of bonds linked to subprime mortgages and other debt also encouraged investors to buy safe-haven government debt, Sullivan said.

"The plan just underscored that this area of the credit market -- asset-backed commercial paper -- is still an area of stress," he said.

In recent months, investors have been less interested in buying asset-backed commercial paper, and funding in that market has grown more expensive.

Since hitting an all-time peak of $1.183 trillion in early August, the U.S. asset-backed commercial paper market has shrunk nearly 25 percent during an unprecedented nine consecutive weeks of contraction. As of Oct. 10, the Federal Reserve reported $899.3 billion in asset-backed commercial paper outstanding.

Equity market weakness reinforced the bid for safe-haven U.S. Treasuries, analysts said. Stocks fell for the second day in a row on Tuesday with the Dow Jones Industrial Average (.DJI: Quote, Profile, Research) falling 71.86 points, or 0.51 percent, to 13,912.94.

Higher oil prices, a potential crimp on economic growth, tepid U.S. industrial production, and another record low for an index of U.S. home-builder sentiment contributed to investors' nervousness and whetted the appetite for government debt, said Josh Stiles, senior bond strategist at IDEAglobal.

"That combination has cash flowing into the Treasury market for quality and liquidity purposes," Sullivan said.

In late trade, the benchmark 10-year note's price was up 7/32 for a yield of 4.65 percent <US10YT=RR>, compared with 4.68 percent late Monday. Bond yields and prices move inversely.

The two-year note -- which responds closely to expectations for central bank interest rate moves and is a repository for safe-haven flows -- traded up 5/32 in price for a yield of 4.13 percent <US2YT=RR>, compared with 4.23 percent late Monday.

Two-year yields were on course for their biggest one-day decline in a month as stocks fell and other so-called safe-haven assets such as gold <XAU=> rallied.

U.S. government bonds momentarily pared some gains after Treasury Department data showed a record capital outflow from U.S. assets in August of $163.0 billion.

reuters.com