Selective quoting only makes your argument look weaker. A) TASR, TZOO and OSTK were no penny stocks when they were manipulating float. SEC did nothing cause these were hot CNBC stocks and those same naked shorters were probably playing the long side. Hmmm. B) I clearly stated it is an issue of capitalization and no naked shorters will go up against big money institutions. So they aim for stocks that are not worth big money's attention. C) I do not take drugs or vaccines, I hate pharmaceutical pill pushers, so IMO, screw those companies anyway. But in a bigger sense, it is way too dangerous to short down a biotech, unless it was known that it was full of sh*t. Ever see the reactions of FDA announcements when big money suddenly jumps in? Re-read my whole post, I'm more in the middle, I think NSS has been taken to absurd levels but I have no sympathy for these weak whiny excuses being made by types like the OSTK CEO. Please, their financials show that he is lucky it's not a sub $5 dollar stock, let alone sub $10. Quite an EPS that stock has.
Chief Rat jumps ship. We always send this stuff to the Regs. You know, when he says how crooked he was and the SEC is stupid. They love this kind of stuff. Watch the criminals rip themselves apart. And you pikers defend them. CRAMER REVEALS A BIT TOO MUCH By RODDY BOYD March 20, 2007 -- Flamboyant Wall Street trader turned TV host Jim Cramer, not known for being the shy, retiring type, might have said too much in a video interview he did for a financial Web site. The host of CNBC's daily program "Mad Money" had hedge fund-trading desks buzzing yesterday after he bragged about manipulating stock prices during his days as a trader. In the video from TheStreet.com's "Wall Street Confidential" Webcast, Cramer boasts about manipulating the price of a high-flying stock down, and even acknowledges that doing so might have been illegal. The video is making the rounds on YouTube. "A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It's a fun game," Cramer said in the Webcast, which was moderated by TheStreet.com Executive Editor Aaron Task. Cramer later said that "no one else in the world would ever admit that, but I don't care." However, seconds later, he acknowledged, "I'm not going to say that on TV," referring to his show on CNBC. A remarkably successful money manager when he ran the $450 million Cramer Berkowitz hedge fund, Cramer in the Webcast shared his "tips" on how to drive a stock price down so that a short-position - a bet that a stock price would drop - remains profitable. He added that the strategy - while illegal - was safe enough because, "the Securities and Exchange Commission never understands this." A call to Cramer was not returned. BTW Cramer was a naked shorter, according to "Trading With the Enemy".
Sounds like he has a little Jack Nicholson character in "A Few Good Men". They think they are infallible so they spew their sh*t. It always bites them in the arse.
you are a piker who doesn't understand the dynamic at play. you have traded less shares in your career than i have on a good day.
HYDRO.... they are both manipulation but they are apples and oranges...one has a short term impact and the other has long term consequences to not only the stock but the system... capiche im not saying that one is right and the other wrong..they are both wrong, but nonetheless it does have an impact to the system..I dont think it will make america fall, but it does hurt in several ways we have already discussed..both things do...
""A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It's a fun game," Cramer said in the Webcast, which was moderated by TheStreet.com Executive Editor Aaron Task. Cramer later said that "no one else in the world would ever admit that, but I don't care."" More Cramer Hollywood TV hype. Day in & day out everyone sez he is full of shit til he says what you want to hear. Now he is honest injun. As far as "no one else would ever admit..." plenty of people have admitted to manipulating stocks or is he just admitting to the short side? Just unpatriotic because he was a short seller?
what scares me is the arrogance these guys still show... like they know something we dont. lets not forget the insider trading before 9/11. not just the airline puts but the insurance companies that eventually were shaken down to pay lucky larry a double payoff because he claimed two events occured. thats like my car being in an accidented and getting hit from the back and front. i go to the insurance company and demand 2 vehicles to replace the one i lost, because two cars hit me !!!! lmaoooooo http://rattube.com/blog1/2007/03/11/lucky-larry-silverstein/
yeah, just forget about the boasting he does about using the media to spread lies.... oops, i mean rumors.
That's it? So tell me.... were your other 3000 posts to this board as engaging as this one? The dynamic at play is that you have nothing intelligent to add and the result is some name-calling and an oddball obsession with my trading volume. I think you're done now, right?