Last official data from SEC says that the number of naked short shares on LDK are much higher than any other security.
Last available quarter is 4Q 2007. LDK is on the list every single day. Let's check December 7th.
20071207|50183L107|LDK|3292995|LDK SOLAR CO LTD.|40.42
3.3 Million short shares failed to deliver.
File a complaint: http://www.sec.gov/complaint.shtml
Send e-mails to LDK: email@example.com
3.3 Million shares at 40.42 = more than 132 million dollars. Just that day. The hedge funds are stealing from you.
They are living the big life with your money. Just send an e-mail to SEC and LDK, so they get pressured to fight!
LDK has been on the THRESHOLD SECURITY LIST for 220 TRADING DAYS nonstop.
Now Hedge Funds are deep inside the water, losing up to $300M. Still, they keep stealing from us. Do your part and fill a complain.
I am always wondering about the buying side of naked short trades. Are those all naked longs? (i.e. they pay for imaginary shares with imaginary money)
Surely a real buyer of such a trade would protest the non-delivery.
What is really going on here. Are the naked longs just related parties?
"Surely a real buyer of such a trade would protest the non-delivery."
Regrettably they would not even know. This is the secret of the naked shorters success.
The buyer's brokers add the phantom shares to their portfolios just as they would add real ones. The customer has no knowledge they own IOUs and not real shares.
Many brokers are not "Prime Brokers" and in the DTCC club and do not sit in that dark room.
They think real shares have been purchased too. That is why they post the IOUs to their customer's accounts just like real shares.
They do not know they are victims of the "stock borrow" program at the DTCC!
The FTDs are supposed to be rare clerical errors. How can this be claimed when the errors are never "corrected?"
We all make mistakes and misplace things, but we fix them and find them.
you can learn alot about naked shorting from the powerpoint presentation at businessjive.com (it takes about an hour to watch but it is VERY informative)
also if you go to the sec . gov website under Regulatory Actions box and click on Proposed Rules, you'll see an call for comments on "Naked" Short Selling Anti-Fraud Rule. Click on the "are available" link in that section then go to the bottom of the list and look for a submission by DeCosta. It also explains quite a bit about the technicalities involved in the naked shorting game.
It's not for you if you are into sound bites and don't have patience for complexity or complication. It is intuitive that counterfeiting shares traded on the exchanges wouldn't be easy or obvious, so the mechanism involved cannot be expected to be thus. Check out the literature. Even the sec website has alot of info on it.
p.s., naked long is kind of like folks who hold what they want to "keep" in a margin account
get I get a copy of the emails and email addresses so I can submit a copy myself and just attach my name at the end? I'm lazy sorry, but Im lazy enough to send an email if u provide the info. Thanks back to work.
How are you liking today's manipulation?
Just a reminder that it is a crime. Everything gets recorded, and people have gone and will go to jail because of that.
If LDK starts a lawsuit and pushes the SEC to start an investigation, LDK investors will win.
Keep sending those mails. They think they can get away with it because LDK is chinese. Demand justice.
which kind of complain should I choose?
Problems with buy or sell orders
Problems with my brokerage firm or broker
Manipulation of security price or volume
Fraudulent or unregistered offer or sale of securities
Financial privacy complaint
Problems with my investment adviser or financial planner
Problems with my mutual fund
Problems with 401(k), pension or retirement
Problems with IPO allocation or eligibility
Failure to file required reports with the SEC
False or misleading statements about a company (including false or misleading SEC reports or financial statements)
Fraud in the marketing of a securities trading course, program or similar product
I would like to file a complain but do not know which catagory I should choose.
Why is LDK not going up?
Because Hedge Funds are selling LDK with shares that don't exist. Probably more than 30% of the shares being traded (sold) on LDK were never borrowed.
Do you want it to continue? Imagine you could sell three million shares of LDK right now and not cover? Would the price go up or down regardless of fundamentals?