Letter to the Securities and Exchange Commission
Dear Sir or Madam:
It is with growing concern that I have watched trends within the stock markets move towards perpetuation of an environment in which the larger firms and corporations are enabled to use money, leverage, technology (as in high-speed trading, and access to media in order to disenfranchise or even defraud those without the same level of resources.
This manipulation appears to manifest itself in two primary ways. One is what appears to be the use of a cooperative strategy by Wall Street’s largest firms to use a combination of analyst’s reports, reports to the media, timed upgrades/downgrades, and buy/sell strategies by their own trading desks in order to channel the direction of the stock price and to then unethically and perhaps illegally profit from this combination of methodologies.
The other is a similar strategy by hedge funds. Hedge funds under current regulations provide little or no visibility of their trading patterns, strategies or activities, essentially allowing them free rein to manipulate stock prices in ways not compatible with the normal trends produced by supply and demand.
Both of these situations work to the detriment of the average investor. They tend to drive the smaller or average investor completely out of the stock markets with the conclusion that the “market is rigged”. In fact this certainly appears to be the case in an unfortunate number of circumstances.
Let us consider the case of Intel. Intel has been locked in a trading range for years. Even when they recorded five years of 27 percent annual growth, the P/E ratio was continuously and significantly below that of the average S&P 500 company while they performance was hugely better. Every time Intel threatened to move to a higher level, Wall Street’s largest firms would apparently band together with a barrage of downgrades and negative media comments. The result was a continuous valuation under what any reasonable analysis would support as being fair. Whether these firms traded against Intel in addition needs to be determined. Recent trading patterns indicate the present of a collusive force.
I therefore ask for consideration of the following:
1.) An investigation of the manner in which Wall Street’s largest firms internally trade, correlated against analyst recommendations, upgrade/downgrade releases, and reports to the media.
2.) An investigation of the manner of trading across Wall Street’s largest firms to determine if there is any pattern of cooperation or collusion in regards to particular stocks.
3.) The development of new regulations resulting in greater transparency of hedge fund trading in order to determine if they are using money and leverage to manipulate the market and stock prices in a manner inconsistent with stock market fairness and stability.
4.) An investigation of large Wall Street firm and hedge fund trading of Intel Corporation to determine if they are engaged in activities which unfairly or illegally deny Intel a fair valuation.
5.) An investigation into naked shorting of Intel.
Thank you for your time and efforts in helping to establish a market environment free of fraud, manipulation and methodologies which disenfranchise smaller investors.
Sentiment: Strong Buy
Let us consider the case of Intel. Intel has been locked in a trading range for years.
Looks like you are getting what you wished for.
Intel is moving into a new range.
Too bad that the new range is LOWER!
Wallisweaver I just read your post.You may be on to something,i don't know.I owned Intel about a year.I was beginning to feel something was wrong so I sold what i had after reinvestig Div.and paying commision I barely broke even.
Let us consider the case of Intel. Intel has been locked in a trading range for years
The above statement represents Waldo's first step in resolving his denial issues OR
maybe Wallis has been so busy pumping that he didn't realize that Intel shares have been rangebound for years.
Either way IT IS
Wallis is the board's resident pumper/crybaby.
He's married to Intel and has no clue that other stocks exist.
His cries of "manipulation" have echoed across this message board for years.
First Rule Here: If you disagree with Wallis YOU ARE WRONG!
Are you any relation to Hairball Dude?
"Man, grow up. Investing is gambling. There is no guarantee of making money."
No one is looking for guarantees of making money, dufus. Just that the dice aren't loaded. Apparently you are some Wall Street wingnut who thinks it's okay to stack the deck. It's not...
Sentiment: Strong Buy
#$%$ are obviously still at it and doing everything they can to suppress the stock price. Enough is enough. There is no good reason why Intel shareholders and investors should be continuously abused by the unethical and perhaps illegal techniques constantly employed by Wall Street's largest firms. This is clearly a cooperative effort. We need to find out if it is collusive as well.
Intel is one of America's great companies. Wall Street needs to explain its vendetta and be held accountable.
Send the letters. Copy the media. E-mail friends, family and business contacts. Stop doing business with the Wall Street #$%$. Support regulation and disclosures of trading activity of hedge funds.
Enough is enough. This has to stop...
Sentiment: Strong Buy
Intel is one of America's great companies.........Send the letters
Wave that flag!
Send those letters!
Maybe you should sit on a flagpole for about 30 days.
You are the kind of guy who would buy a set of kitchen knives from a door-to-door
You, and millions of stooooopid people like you, are the reason that thousands of others are wealthy, peanut gallery boy.