AMEN !! Thank you Cat for actually adding something of value to this ridiculous circular cry-baby arguement. All the longs leaning on this arguement about the 'boogie-man' (read short sellers) while they get their asses handed to them because they are in stocks that just fundamentally have problems and some are willing to take the risk , call a spade a spade, and short them. I believe there needs to be rules, and the rules should be enforced, no problem with that. But, as has so succinctly been pointed out by AngryCat, shorts, and more specifically naked shorts are not the problem, or the illeagal part of the equation here. Rather it is the failure to deliver issue that is really the point that should be the focus. Problem is, or it seems to me, is that this thing has turned into a witch hunt and caused all short selling to be viewed in a negative light. This in turn has caused the bullshit 'emergency order' , and is going to lead to furhter and more cumbersome crap ass regulation that will suck liquidity from US markets and prolong the agony of the tide of economic truths that have been held back for far too long now. Out of curiosity, FLYTIGER................. any statistics on how many naked shorts result in FTDs ?
07:15 HLF Herbalife announces Fraud Discovery institute retracts Herbalife accusations (46.64 ) The co and the Fraud Discovery Institute announced that the Fraud Discovery Institute retracts its accusations against multi-level marketer Herbalife. Herbalife and the Fraud Discovery Institute reached the agreement to avoid litigation. Upon further investigation by FDI founder Barry Minkow, the Fraud Discovery Institute became convinced that Herbalife employs systematic internal controls, including the use of outside, independent laboratory testing, which ensures their products are manufactured safely and in compliance with California law. It is evident to the Fraud Discovery Institute that Herbalife produces products that are safe, and that the company strives for continuous improvement in product quality. Yep. Barry Minkow, Sam Antar, Reg SHO list. Seems fair to me. And if you morons haven't got enough moral terpitude to understand what this is about, go to Yahoo. Know how much work it is to create a company? And then, convicted felons come at you saying they're just there to protect the public. Are you really that stupid? Are you really that devoid of any values?
Hey, Slappy. Do you have any reading comprehension skills? How many times have I said the SEC and DTCC do not release this data, even to the companies? If that's the case, who would know? Now, a thinker, a critical thinking man might ask, "Why are they hiding data that is critical to companies who pay millions to make filings? Wake up there, Son. Think a bit before you shoot your yap off. Go back, read the posts. You think this is just coincidence?
You would think a math whiz could reconstruct the amount of naked shorts based on a daily volume and match it gainst ftd's. The last number I read was about 10% of the volume resulted in ftd but this was an old number and across the market. Might be doable for one stock perhaps ostk. Really, there are plenty of numbers thrown out there regarding daily costs of naked shorting or the costs of ftd's. I'm sure if the numbers were posted by the whoever that knows, people would question them anyways, who would do the audit for accuracy?
That's right....the SEC is not going to interfere, but interfere with price discovery..... The salesman says he's not going to try to sell you, but is going to sell you anyway....
You get those calls too. My bet is, Bryne knows everything that one can possibly know about the numbers. He's not sharing that with me, but he's sharing it with the Dept of Justice. And that's what ends this. It's the only Govt org I know of that doesn't suffer Baker and his hedge fund cronies. The Subpoena of Loeb tells me plenty. We'll see. But I do not know.
The irony of you calling anyone a moron. Can you make your own forum and get off ET? I'm tired of seeing your retarded threads in which you conversate with yourself and your aliases.
Hey asshole, I guess the reason I missed the fact that you have repeatedly stated you don't know what the % of naked shorts turn into FTD's is because I get tired of reading your monotonous bullshit drivel posts. The same lame fucking blah, blah everytime, perhaps thats why. On the other hand, maybe I just foolishly assumed that a fucking know it all cocksucker like yourself may have some real information, or at least be able to infer some kind of values. God knows you seem to think that naked short selling is at the root of the decline of every lame ass, dogshit stock that has ever gone down. I just thought since you are so convinced that it is such a huuuuuuuuuuuuuge problem, you might have actually given some thought to the numbers. But of course it is such a giant conspiracy that it is being hidden from the world while the illuminate get rich and we all just hand our money over. LOL, go back to sucking Byrne's cock you mut! Give up this whole bullshit charade about how you know what goes on 'behind the curtain'. Just out of curiosity, you the pitcher or the catcher?
Nice touch. What is it you don't understand about, "they don't release the data to even the companies'? What's so hard for you to understand? If the companies don't know, how would I know? You can read shapiro, or a dozen other scholars, or Vodiagroup, but you wouldn't do that. That would be work, now, wouldn't it? But, if a company could add up statements, and the statements amounted to more than the float, that would be significant, wouldn't it? And if a major financial firm, as damaged as it was, had 17 billion disappear in a few days, and millions of shares were failed at the same period of time, that would be significant, or huuuuuuuuge, as you say, wouldn't it? The drivel is guys like you who are so dense, that you can't see the forest for the trees. Why would Harvey Pitt take a pro bono position as Assistant AG of Alabama if it weren't a huuuuuuuuuuge problem? Look back in history and tell me when that has happened. Why would Fuld make a comment the week of March 13 that he had proof BSC was raided, when the only way he could have gotten that info is off his own desk? Why wold Gary Aguirre be fired without cause, go in front of a Senate Judiciary Committee, who accused SEC officers of perjury. Why has the IG of the SEC, only the second IG in history, the first resigned the day after the Aguirre hearing, be reopening that case, where the accused are John Mack and Art Samberg? Now, you wanna get nasty? I'm your boy. I'll leave your dumb ass in the gutter, cuz in my world, asswipes like you with no fucking gray matter are the reasons scams like this get this far. And then, it's guys like me that get to clean them up. Oh, I'll help clean it up allright, but I will get my pound of flesh. Now get some sleep. Cartoons in the morning. It's Saturday. And if you get tired reading my posts, have Mommy show you the ignore button.