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  • gmhrevolt gmhrevolt Apr 17, 2007 12:08 PM Flag

    shorts selling to shorts to drive down the price so they can buy cheap

    That is not OK. I wish I could just get money for free after my bad investment desicions, but of course, we can't. These shorts shouldn't be allowed to either. Something needs to be done, and its not being done! These guys much have bought everyone off just like Al-Capone.

    Now, I don't particularly like Elliot Spitzer (just another AG w/ political aspirations), but he he ran for Pres, I'd prob vote for him!

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    • I totally agree with this. What is happening here is just plain criminal and the SEC should really investigate (I'm sure they won't though). There is no way this stock should fall 5-6 days in a row given the positive panel vote. Wall Street is as rigged as ever.

      ===
      "That is not OK. I wish I could just get money for free after my bad investment desicions, but of course, we can't. These shorts shouldn't be allowed to either. Something needs to be done, and its not being done!"

      • 1 Reply to mitshu35
      • The only reason nothing is being done about it is the short hedgies are actually working for the long sharks, without whom they would not be allowed to exist. Big Wall St. firms own everything, and when they tell the short hedgies to die, they die! Its a symbiotic relationship. If the longs need a price driven down (so they can buy cheap shares for their clients), they tell the shorts to "jump". Shorts get to keep whatever profits they illegally make, but when the long says "scram", short hedgie is gone quicker than you can blink. Never forget who owns Wall St.

        If you believe the short hedgies are acting successfully, breaking every law, on their own, you would probably also believe that it would be possible for some non-unionized, cheap, Russian actors to waltz into the set of some big Hollywood production/filming, and steal Tom Cruise� or Jack Nicholsons� job, just by saying "I�m cheaper, hire me!". Pahleeese. I will never believe there are just rogue short hedgies begaving so illegally with impunity. If that was the case, powerful long firms would be yelling bloody murder, and this scherade would have been stopped the very first day it started. Believe it!

        ________________________________________________________
        I totally agree with this. What is happening here is just plain criminal and the SEC should really investigate (I'm sure they won't though). There is no way this stock should fall 5-6 days in a row given the positive panel vote. Wall Street is as rigged as ever.

        ===
        "That is not OK. I wish I could just get money for free after my bad investment desicions, but of course, we can't. These shorts shouldn't be allowed to either. Something needs to be done, and its not being done!"