Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rrufff who wrote (4031)	12/12/2008 7:14:26 AM
From: makeuwonder	Respond to of 5034

How I know that's right Ruff. I recall when I made my first investment. I knew nothing about the stock market but wanted so bad to buy some. I'm sort of stubborn when someone tells me I can't do something. I had to learn how to buy it. The buying part was easy. Then since I was so ill informed and I was unemployed and a student at the time I spent hours learning about how the market runs. Much of it was spent watching the volume and reading since I didn't really have anyone to help me. By watching the volume and reading I started asking a bunch of old farts (One who reads this board and will know who he is) questions. Out of my questions and their responses a light went off and something didn't make sense by what they were saying and what was going on. They got tired of me and the back room boiler guys didn't like it that I was figuring out what they were doing and painted me a nut. Hate to say it but I remember the day I said something about the shorting and called it naked because it seemed to me that's the only thing these old guys paid attention to. Anything naked made sense. No pun intended. It worked though. The label sort of stuck and the worst part is due to it being called naked others didn't take it any more serious than a strip dancer and the problem was very serious. At least it's busted open now finally and actually proven that what people were saying is going on and not just a bunch of crazy people making excuses for a bad stock. What I wonder is how are they going to cover it. They know where the money went. Off shore. I suspect that they were running it through Fannie/Freddie Mae loans. If you look at the numbers it sort of makes sense. I'm off work again due to I didn't tell my boss my sister applied for assistance where I work so I've had time to spend researching again while I wait for my hearing. They say the funds were coming from out of the country for these bad loans. Most of these crooks thought they had privacy laws that protected them and their accounts but due to 911 the banking laws ruled "know your client and if you fail to disclose their names then the banks have to pay up the fees") Crazy they missed that news. But the fact they only really bought 16% of real shares in the OTC stocks scares the heck out of me. That means 84% of the shares were never bought. What does that tell you? Just wondering.