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


To: NightOwl who wrote (3289)3/16/2008 9:47:10 AM
From: rrufff  Read Replies (1) | Respond to of 5034
 
I think the problems are a bit simpler. We, as a people, cannot "focus" on simple issues to the extent that we raise the level of discourse to the extent that the simple solution is forced down the throat of our politicians and regulators. That's why it is nice to find "simple" solutions, as you and others here have suggested, with respect to changes in our markets. As I sarcastically responded, your suggestions are far to efficient, simple, and they make too much sense to ever catch a wind beyond our board here. Unless one is an optimist and I know you're not.

I have often posted that I hoped that message boards would be the great equalizer, such that we retail shareholders would be able to fight the excesses of management, as well as the trusts, as they were called back in the old days and now hedge funds and pools that work together to unfairly grab an advantage.

However, discussion devolves down to the base level and those who claim to want change often show their true colors. I've just watched amateur cindyyahoo type posts on another board, largely commenting on spitzer's taste in hair color or age, rather than a focus on the real issues. Similarly, I often see self-styled crusaders get up on a high horse, post about scamming in penny stocks (make no doubt about it there is plenty of scamming and as I often post almost all pinkies are dilution scams), and then spend most of their time attacking posters for merely expressing an opinion. Often there is no substance, merely a "cut and paste" of another name-calling, with the hope that this eventually becomes a "fact" to be cited by a brother/sister in gossip.

One has to ask why there is not a movement out there in the so-called "crusader" community to really change markets, starting with full disclosure, not just with respect to pink sheet companies, but with respect to pools of money that trade in concert, to MM supposed market making activities that abuse the public, to data that should be available to all. Perhaps those who claim so loud that someone "must be employed" if they post favorably, know too well the method of being paid to post. Negative commentators should disclose to the extent that positive commentators. It's not just hypocrisy, it's a matter of fairness.

It's very funny how posters will claim that scams only occur in one aspect of investing and not in the area that they seem to defend. The "my scam is ok, yours is not," seems to be so prevalent for so many "sleuths."