Thank you, also, for sharing this. Two things seem quite obvious: there is more money to be made shorting, this is the kind of stuff that could erode confidence in the capital markets I'd say we are going way down, and civil unrest could be possible I've heard it said that bear markets tend to cleanse the system of this stuff...who knows?
And you have to love this. Jim Cramer Thinks People Who Make Misleading Statements Should Be Thrown In Jail <object id="cnbcplayer" height="380" width="400" classid="clsid27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" > <param name="type" value="application/x-shockwave-flash"/> <param name="allowfullscreen" value="true"/> <param name="allowscriptaccess" value="always"/> <param name="quality" value="best"/> <param name="scale" value="noscale" /> <param name="wmode" value="transparent"/> <param name="bgcolor" value="#000000"/> <param name="salign" value="lt"/> <param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/1160575004/code/cnbcplayershare"/> <embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/1160575004/code/cnbcplayershare" type="application/x-shockwave-flash" /> </object> For once, I agree with him.
Markets weaker one, and two, always expect payback. You hit them, they hit you back. That little tidbit comes from a lot of experience. Although in this case, there have been several upgrades. That's different. Never happened that way in the past, but this is a much different time. We're broke, and nobody has a pension. If you go back to the beginning of this fiasco, you'll see Brean Murray just continually reiterate a dollar target and recommend shorting a stock you can't get a legit borrow on. Now, I know some of you say you could, or can, but you can't. They're lending the same shares out dozens of times in most cases. That's why you see Chanos blame the brokers. It's semantics. But another trick they use is to have a broker come out and slam what they want to get lower. Then, they'll pay bashers, sometimes by buying them out of the money puts as incentive. Don't believe that one? http://www.deepcapture.com/email-exposes-short-seller-plot-to-destroy-a-public-company/ All in a decades work.
THIS is reporting, and at the risk of his own life: http://www.deepcapture.com/michael-milken-60000-deaths-and-the-story-of-dendreon-chapter-3-of-15/ Now, I know why D. C. is in tizzy. I hear it only gets better - or worse, depending on which side you're on.
You could have knocked me over w/a feather.............. http://www.deepcapture.com/michael-milken-60000-deaths-and-the-story-of-dendreon-chapter-4-of-15/
"Aguirre said that his rank-and-file colleagues at the SEC believed that Pequotâs naked short selling had the potential to âseriously injure the financial markets,â but before he could complete his investigation, Aguirreâs superiors at the SEC, captured by powerful Wall Street interests, had fired him for political reasons." http://www.deepcapture.com/michael-milken-60000-deaths-and-the-story-of-dendreon-chapter-5-of-15/ I remind you. Aguirre has said, it was when he bumped into naked short selling that he was dismissed from the SEC. Don't worry. Crames has got your back. Saw that on CNBC.
http://www.deepcapture.com/michael-milken-60000-deaths-and-the-story-of-dendreon-chapter-6-of-15/ Somebody print out Brean Murray's DNDN c overage into the fray. He had a dollar target all along. I think he was wrong.