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Author Topic: Check this out ( REG SHO Petition and info )  (Read 7222 times)

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July 15, 2008, 04:36:36 PM
Read 7222 times

boomer

Guest
http://www.businessjive.com/

>>>> Takes about an hour but it's well spent

http://www.sec.gov/comments/s7-12-06/mhelburn5381.pdf

>>>>> NCANS comment letter to the SEC on proposed amendments to Regulation SHO

http://www.petitiononline.com/mrktrfrm/petition.html


July 21, 2008, 08:02:20 PM
Reply #1

boomer

Guest
http://biz.yahoo.com/ap/080721/short_selling_fannie_freddie.html?.v=1

"The SEC order, in effect for 30 days, prohibits so-called "naked" short selling of shares of Fannie, Freddie and 17 other large financial companies. The companies' shares generally have gained since the agency's announcement of the order.

Short sellers make a bet that a stock's price will fall so that they can profit from it. They borrow shares of the stock and sell them. If the price drops, they buy cheaper actual shares to cover the borrowed ones, pocketing the difference.

"Naked" short selling occurs when sellers don't even borrow the shares before selling them, and then look to cover positions immediately after the sale. The SEC order requires short sellers to actually borrow shares before selling them.

Edward Yardeni, president and chief investment strategist of Yardeni Research in Great Neck, N.Y., and others wondered why the SEC action didn't apply to all financial stocks, "and for that matter, why not all publicly traded stocks?"

Short selling is legal and long considered part of the swashbuckling culture of Wall Street, but it can provoke controversy in a jittery bear market like that of recent weeks."

Looks like the government knows theres a problem. sing the petition and maybe they make it permanent  ;D   

July 22, 2008, 05:39:17 AM
Reply #2
Offline

HappyAlien


http://www.businessjive.com/

>>>> Takes about an hour but it's well spent

http://www.sec.gov/comments/s7-12-06/mhelburn5381.pdf

>>>>> NCANS comment letter to the SEC on proposed amendments to Regulation SHO

http://www.petitiononline.com/mrktrfrm/petition.html



WOW Great video, Thank you so much for posting this
LETS GET PAID

July 22, 2008, 10:40:14 AM
Reply #3
Offline

Greg


Need to go back to the uptick rule..
I know not what I do.  So, I just do it....

July 22, 2008, 02:07:33 PM
Reply #4

boomer

Guest
http://www.businessjive.com/

>>>> Takes about an hour but it's well spent

http://www.sec.gov/comments/s7-12-06/mhelburn5381.pdf

>>>>> NCANS comment letter to the SEC on proposed amendments to Regulation SHO

http://www.petitiononline.com/mrktrfrm/petition.html



WOW Great video, Thank you so much for posting this

I was wondering if anybody here was going to watch it.  ???  Try to show others if you can. and get everybody to sign the petition  ;D

July 22, 2008, 02:09:40 PM
Reply #5

boomer

Guest
Need to go back to the uptick rule..

the untick rule is cool (can't place a short unless there has been an uptick) but it would not help the naked short problem as they would just naked short after an uptick

July 22, 2008, 02:17:39 PM
Reply #6
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Greg


Need to go back to the uptick rule..

the untick rule is cool (can't place a short unless there has been an uptick) but it would not help the naked short problem as they would just naked short after an uptick

Yes but, it would be shorted up not down...
I know not what I do.  So, I just do it....

July 22, 2008, 02:23:39 PM
Reply #7

boomer

Guest
Need to go back to the uptick rule..

the untick rule is cool (can't place a short unless there has been an uptick) but it would not help the naked short problem as they would just naked short after an uptick

Yes but, it would be shorted up not down...

sort of, it would keep them from shorting the bottoms there by killing the stock, but IMO it would not fix the main problem. which is all the FTD's that create an endless supply of fake stock 

July 22, 2008, 03:32:20 PM
Reply #8
Offline

HappyAlien


http://www.businessjive.com/

>>>> Takes about an hour but it's well spent

http://www.sec.gov/comments/s7-12-06/mhelburn5381.pdf

>>>>> NCANS comment letter to the SEC on proposed amendments to Regulation SHO

http://www.petitiononline.com/mrktrfrm/petition.html
one


WOW Great video, Thank you so much for posting this

I was wondering if anybody here was going to watch it.  ???  Try to show others if you can. and get everybody to sign the petition  ;D

I signed the petition, this is scary sh*t, I hope everyone signs it.
LETS GET PAID



September 05, 2008, 05:45:59 PM
Reply #11

boomer

Guest

February 12, 2009, 01:32:51 AM
Reply #12
Offline

Shali


http://www.businessjive.com/

Excellent presentation on the damage and secrecy of naked shorting. I had trouble opening it with Firefox, so used Internet Explorer.

February 12, 2009, 09:16:16 AM
Reply #13
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Dr PennyStock

Administrator
It's precisely because of this that I hate the guys from the SEC, why they don't stop with the naked short selling??
Dr PennyStock

February 22, 2010, 07:09:22 PM
Reply #14
Offline

StockAim


Can someone explain me the concept of naked shares in 3 words?
Im to lazy to read articles and watch videos.

This comes from wiki.


So I set a buy order, my order gets filled. And i dont get any shares??
I have enough money to last me the rest of my life, unless I buy something.