9/2006
Why cover at all if they are going to end up going naked at the end?
9/2006
Quote:But in case you guys didn't know, naked shorting a stock does not pay. A FTD is a terminal hang. You can't collect on it. There are big companies and powerful people out there who pay for the service of the naked shorts to destroy competitors or to gain control of them for the lowest possible price.
Quote:If it was easy to get proof of a naked short then it wouldn't be going on any more. It will only take one to expose them and they will have to do one of two things. Quit doing it or find a different way to do it.
Quote:. The one thing I do know is that very often the shorts will get ahold of a large block of shares prior to a pump and dump. They will get as many shares as they can. After the pump they will dump a certain number depending on the success fo the pump. They normally have a set amount they plan on making from the pump and will sell only the shares that represent that amount. then they take out a legal short for the remainder of the shares they possess so there is no problem later locating them. Then the naked shorting takes palce to tank the stock. They cover the legal short they took out at the top and the naked short shares just hang out there never covered. So getting shares offshore is critical to the process.
Quote:That's probably why I am the only one standing up and talking and the others just went away quietly.
Where are they? The biggest badest bashers are where now?
Afraid to talk? Changed alaises and started over for somebody else? Just walked away? Don't want to admit what they did or why?
Quote:That control of the $XX million is consistent with the way shorts operate. They usually trade the stock to make the money they pay their employees with. Like I stated before, a naked short share is never covered and therefore never able to collect on. You guys call it a "FTD" but we call it a "terminal hang". Meaning, it hangs out there for eternity. Groups pay the shorts to destory the companies. The shorts generally try a pump and dump to raise some extra funds then short all shares that can be found, covering at the bottom after naked shorting about 10 times the O/S. So they make money up front, then pump and dump, then short every legal share they can get their hands on before naked shorting it all the way to the basement and covering the legal short they have. Yes, they make money 3 times on one company at the expense of the company and those who do not understand how the sub penny market operates.
Why cover at all if they are going to end up going naked at the end?
Quote:When a short gets a job they want to make money too. The cost from the group hiring the short is nothing when compared to the money the shorts make when they destroy the comapnies. First there is an accumulation of shares. The shorts actually go long to start. Then they pump and dump those shares at the top. Then they instantly short the shares they sold. There are places around the world that will accept short sales on OTCBB and pinks. Then they naked short after taking their legal short position. The naked shares are never covered but the legal shares are covered at the bottom. The naked shares are used to ensure the price collapses so they can cover the legal shorts they have.
9/2006
