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

To: Hawkmoon who wrote (3557)	7/18/2008 10:28:16 AM
From: TheSlowLane	Read Replies (2) \| Respond to of 5034

I prefer your interpretation. Given what Bud Burrell said about the size of the problem in his recent interview with FSN, I will definitely be interested to see how far this goes. I think the folks that run the casino are worried that the chumps (me included) will stop shoving quarters into the slots if it becomes too painfully apparent that all the machines have been tweaked.

To: Hawkmoon who wrote (3557)	7/19/2008 2:48:04 PM
From: makeuwonder	Read Replies (1) \| Respond to of 5034

Hawk I see this different from you. You said: He's effectively stated that it's illegal to NSS and the SEC is going to enforce the law (at least with regard to the financials). But if he does it for the bank stocks, he has to do it for all the NSS issues on the Reg SHO list. What they need to do is force the Brokerages and Clearinghouse to report how many shares they have been allowed to loan out on each stock. There are no more Grandfathered shares, the SEC decided to take that away since they didn't comply with what they were supposed to do. And I also think there's a huge misconception about the how the SHO list works. I think it's a daily thing. Like a stock can be naked shorted a certain percent but they don't show up on the SHO list unless the stock was heavily naked shorted that day. Just because it's not showing on the SHO list today doesn't mean that stock doensn't have a illegal short position sitting on the books at the "EXCLEARINGHOUSE" side of the Brokerage. Through all my reading that's what I pick up is how that works. If you don't read between the lines you will simplify the SHO list and think it's and over all list. It's a daily list actually. Or so that's the way I figured it out. It's the profits in the "EXCLEARINGHOUSE" that I told the IRS about. I mailed that same form 3 times. It was a new program the New Director had opened up to the public. I should send them a copy of it and ask them why I haven't received any kind of response to my request. I suppose if I exposed the scam of unreported profits and really got a percent as stated in the way the program works. I guess that check could be substantial. LOL!! How many little company's were illegally shorted out of the market that the MM'S didn't have to cover the shares and ran with the profits?? This investigation should open the books of those stocks and see what happened. What if some get to come back to life? How about some of those promising cures for cancer that got shorted out of the market. Wonder how those will be compensated? Shells are another whole interesting game on the market. If I really did get a percent of what they should have paid that the IRS gets to collect I think I'd research those shells that had good ideas for ways to make life better and buy them up. LOL!! Start a bunch of new jobs for us. Save lives. Would life be sweet then? JMO.