"can someone bring me up to speed.." Byrne is Jesus Naked shorting is "Armageddon" which affects every single American and possibly the salvation of the world. Fly and rat can will throw sand in your face. (children is as children does) Maverick and Hydro have outgunned the Mona Lisa. regards
Let's talk a bit about the crimes naked shorting brings into play, if the agencies did their job. Insider trading: Shane was busted on this one. If you naked short into an offering, you are using a term sheet to your advantage when I can't see it. You signed a confidentiality agreement, then you went out, paid the Prime Brokers tribute (good eh Ratboy, tribute???) to naked short, knowing 1. you can always cover with the shares you will get from the company (if you want to. Many times they stay short) 2. you will get many more shares for your dollars and make even more money. This is acting on information that is not public. Very bad, Common, but bad. Violating Companies Charter. You are, in effect, staging your own little secondary. Nobody authorized you to issue shares, but you are. You've sold shares, just like a company would issue shares, wi/o all that bothersome paperwork, voting... you know, that bothersome detail work. Using the US Mail to commit a crime. Every notice that many of these criminal violations draw in Postal Inspectors? Easy to prove. He mailed a confirm. He mailed a check, or a cert. Usurping the real shareholder vote. I buy a share, you sell a share, illegally, to someone else. Who votes the share? You stole my right to vote my share. Interestingly, Taser had an 80% vote rate in one of their proxies. Anybody ever hear of anything like that before? Well, when you have about three times the number of shares outthere that should be out there, it could happen. Now, let's talk value. Any collector will tell you, value is based on condition and rarity. Since condition doesn't apply, let's focus on rarity. What is the value of company x with 50 mm out. Now, the NSS'rs are on board. there is 70 mm. Is the value the same. After all , the extra 20 were bought by investors. Their brokers say they bought real stock. Which is it? And where is the money? Where is the money the other people paid for that 20mm? Yawn, such details. So, so distasteful.
Supply and Demand. A concept apparently misunderstood by the pro NSS ilk. I suggest you take the NSS mindset and apply it to things you buy and sell in your everyday life. Should you be capable of this task, tell me any situation where the NSS strategy is applicable other than Wall Street. It appears somewhat obvious to this poster, hired bashers have been brainwashed into believing NSS is an ethical, moral and legitimate trading strategy when a company is thus determined to be a POS. It's the same argument repeated by NSS bashers on every board this poster reads. Well guess what gang, when your bosses are finished with their task of the total collapse of our financial markets, you will be standing in the same soup line as the rest of us. That's right, you'll get an attaboy and promptly kicked out onto the naked streets. Shortly thereafter, you will understand, without any doubt, the laws of supply and demand. Not to worry though, you and your buddies will be able to stand in line and discuss the good ole days where you played a small but inspired role in the destruction of what we once called America, home of the free, land of the brave. When you kiss your children goodnite, try to visualize their future.
Nice first post which gives you no credibility. So if naked shorting is so threatening to the future of America, how about the artificial inflation of the pricing of shares? I guess as long as the price is going up, then America will be okay?
they are both wrong.....but they are apples and oranges; you cant compare PHANTOM shares to a BUYER BEWARE situation. One F**ks the buyer and the other F**Ks the buyer and also the system..peace
******, I see you are new, and I hope you were attracted to the topic. the Bloomberg piece gave us critical mass. It's the only way to preserve the system. People have said to me, but if they cover all the naked shorts, it will break the system. I say., we have no system. Well, we do have a system, like Russia has a military. There I go again with the analogies, confusing poor little nutsack.
I am talking about a situation where a stock is artificially inflated for long periods of time. Just like naked shorting screws over the longs, the stock that defies all intuition for rational valuation screws over the SHORTS.