Actually what's unbelievable is your naivety. You think hedgefunds run by the likes of Steve "front runnin' " Cohen pay 1.00 per share in transaction fees for nothing? You say you've been in this business for a long time, yet to not know how things operate really does impinge on your credibility.
You still don't seem to have much of interest to say, so let me say something again to you. 1-Right to the point- your math still sucks. First you counted infinite shares being nakedly shorted on all sorts of stocks. Now you can't do the simple arithmetic of counting the punctuation marks in my post. 2-When someone skips any substance or relevant response and comes back with comments on grammar, it almost always means they they have nothing going on between their ears. I'll leave it up to you to prove otherwise, after all, you like to look out for the little guys. Well look, I'll end on a positive note and say that at least you had some sort of response on this thread, so maybe you're making some progress.
IMO, one of the reasons why the all-too-wise-to-Wall Street-ways SEC, in the end, isn't going to come down on Cramer: CNBC's Jim Cramer faces criticism for talking about stock manipulation on a video recently posted to YouTube. (AP Photo) Investment Guru's Ethical Lapse? Former Hedge Fund Manager and TV Stock Picker Jim Cramer Faces Criticism About Possible Stock Manipulation By PETER IMBER, ABC News, March 23, 2007 ... "Michael Josephson is the founder of the Josephson Institute of Ethics in Los Angeles. He doesn't see Cramer as a villain but rather as someone who could potentially affect Wall Street practices for the good. 'He hasn't admitted he's a Mafia hit man. He's saying he manipulated the system to get an edge.' Josephson believes Cramer should reveal more about how hedge funds really work and likened him to former Major League star Jose Conseco, who blew the whistle on the widespread use of steroids in baseball. Cramer could do a lot to clean up the industry, he said, by telling the public things that it doesn't know. 'I believe he said these things because he has come over from the other side,' said Josephson. 'His viewers love him, and he relishes his following. He's trying to be like a Dutch uncle who wants to give his best advice.'"... http://abcnews.go.com/Business/story?id=2977504&page=1&CMP=OTC-RSSFeeds0312
I personally know six people who were threatened with death over this type of activity. IF I know six, how many more. If it's death threats, who's involved? Don't come to me with your 25 year old, I know everything bullshit. Go to people, hat in hand, and ask what the hell is going on. then do something about it. Speak up. What is this crap, you simplistic morons, going to Bright telling him he's naive? Bright has forgotten more about the markets and goings on then you'll ever know. That's the problem, he's forgotten it (sorry Don. When I give myself a setup that good, gotta take it.). Do you think people come on here and just say exactly what they know? People say to me, "prove it". I don't owe you that. What you to owe to yourself is some common sense research, to see if what I say has any merit whatsoever. If you go to the OSTKCEO thread, you'll see people crucify me about naked shorting. "It doesn't exist. So what". Then it's something else. But it always comes out. And now Cramer is helping. This is serious, serious business. Trillions are involved, and it reaches right to the top. It's no mystery to Bush what is going on. He has been told, and no, I'm not going to tell you how I know. Re: death threats. I know this is a stretch for lill nutsack and his buddy whose handle I don't know, and whose posts I don't read, but THINK. I post here because I know the type of people, people who matter, watch and lurk. I get PM's of people who help. Who have information, who are themselves hurt and want to know why. Bright has done nothing but be honest and upfront, and you guys just insult him. How about a little respect for a guy who made it? And didn't do it by tipping off reporters. (how 'bout that PR job, Don?) BTW, Interpol shut down Curacao and another Bermuda Bank, and Exact Pay, the credit/debit card company with branches in the US. Why don't you get your crayons out and do some research, and find out about it? It would seem to me if kids are joining the Marines, and fighting in Streets, least you can do is find out how the enemy buys RPGs. I gave you the research links last week sometime. You see, billionaires don't like paying taxes. This was how they avoided them. Don, you funneling money offshore? Didn't think so. I'll bet the Hedge Fund managers on Elgindy's website did. And I think their names will pop up any time now. Now, since it'll take lill nutsack the better part of the morning to sound out the words and read this, I'm going to post it, and dig up a lil treat for y'all. Lemme ask you geniuses a ? When you see Hamas pop a suitcase, and it's filled w/US cash, where do you think it comes from?
Nicholas Maier describes Cramer's trading ethics highlighting his explosive temper, and total disregard for anything that stands in his way: Jim turns toward his head trader, "Mark, sell ten thousand Bristol Myers." "We never bought any Bristol Myers, " Mark replies. "We own the calls, " Jime corects Mark impatiently, aggravated by the delay. "So sell it Short?" Mark asks for clarification. Mark knows that according to the SEC rule book, selling stock you don't already own(even if you do own the call options) must be marked and executed as a short sale. "You are confusing me with someone who gives a shit. Just sell it! I said hit the fucking bid!" adds Jim, not interested in wasting time over petty semantics. Skirting the "plus tick" rule in this case won't necessarily make us a lot of extra money, but in Jim's eyes, ther rule is still an unenforceable annoyance. "And don't ever ask me that again!" Maier, Nicholas, "Trading with the Enemy: Seduction and Betrayal on Jim Cramer's Wall St., New York: Harper Collins, 2002, pp 70, 71
"When you see Hamas pop a suitcase, and it's filled w/US cash, where do you think it comes from?" Savings by using a carpool. Shopping at Wall Mart Hooking up an illegal cable box. The Hamas invented the internet. GS research report - oil to $100 bbl. Went short the USD. ************ I really don't know.
I don't know of any death threats, but I wonder if any of you have really researched our famous "Plunge Protection Team" that Mr. Paulson re-activated recently? Inflation up, will the Plunge Protection Team step in today? Posted Mar 15th 2007 9:42AM by Peter Cohan Filed under: Indices, Market matters, Economic data The market was looking like it would open up this morning. That is, until 8:30 a.m. when the wholesale inflation report came in at more than twice the rate economists had expected. Now the market is expected to drop. Will the Plunge Protection Team (PPT) step in as it may have done yesterday? The reason the market reversed is that with higher than expected inflation, the Fed is less likely to cut interest rates. The Fed wants to keep core inflation between 1% and 2%, but when the PPI rises 1.3% in a month -- instead of the expected 0.6% -- investors fear that the Fed will need to raise rates to keep inflation within its target range. Is the Fed serious though? Last week, a productivity report noted that unit labor costs rose 6.6% in the last quarter of 2006. Although bonuses figured into the statistic, the slower growth in productivity suggests that wage inflation could be a future concern. ..................This leads to the PPT. Formally known as the The Working Group on Financial Markets, the PPT was created by Ronald Reagan to prevent a repeat of the 22.6% decline in the Dow on October 19, 1987. The PPT includes the Secretary of the Treasury, the Chairman of the Federal Reserve, the Chairman of the SEC and the Chairman of the Commodity Futures Trading Commission..... ..... Start googling this, you'll find it interesting, here's a couple of starting points. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/10/30/ccview30.xml http://www.bloggingstocks.com/2007/03/15/inflation-up-will-the-plunge-protection-team-step-in-today/ Do you really think the market just runs by itself? Are we at the mercy of "supply and demand"? .....Or, if need be, does the Fed jump in and buy $Billions of futures to "stabilize" the markets? How did the market reverse itself from a second day of gigantic losses into an "up" day???? You'll find current articles. Have fun. Don
I haven't checked recently, but I suspect the PPT was responsible for a "patriotic rally" on Sept 11th in subsequent years. Doesn't have to be alot, just enough.