Tell me how many you're selling short and I'll also tell you how many more I'm buying long.
There is a recent court case, Ronald C. Singerman, T.C. Summary
2005-4, which concerns whether a theft loss can be taken for the
value of a stock investment. The answer is no, but the reasoning is
important to understand.
> African American churches targeted by scam artists
> Some people do lose money by a theft of their funds via a Ponzi
a Bunco scam or some other fraudulent event. The Los Angeles Times,
13, 2005, has an article by E. Scott Reckard where the headnote states:
"Scam artists are increasingly targeting African American churches,
to first hook pastors, authorities say." In this article, con men are
described ingratiating themselves with church leaders, only to
fleece the flock, using classic Ponzi schemes. One seminal quote in the
article comes from the Rev. Tom Pickens who stated, after meeting the
man, "Being a pastor, you see all kinds of people coming to your
you do your best not to judge people. But when I first saw him, I
'Hmm, I better watch this guy.' He must have had a ring on every finger
each hand. He was like money walking."
It would be considered criminal to buy this over priced stock.
I even consider it criminal to see it listed in the NASDAQ-100 index.
(My posts are my opinions as are all other posts)