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Because it's a bomb. The $430mm fluctuates. Live with it. Been going on for years. The two brokers in this article were Refco Brokers. http://www.rgm.com/articles/sedona.html Investigator Ms. Isaacson ....at the US Attny conf yesterday According to these tapes, on March 20, 2001...

a simple fact is, the Us Attny said the amount in question "fluctuates". Do you think bad trades flucuate in your favor?

Refco has, according to a reporter in NY., 1.4bb in puttable debt (par) and 650 cash. Listened tot he call again on WSJ sit. USAttny Ny complaint for 540mm, company said 430mm, but "it fluctuates". That should scare the hell out of you. What bad trade goes in your favor? Good night...

Did anyone watch the call. Didn't the US attny look to his right and say, "how much is it now?" "Oh, five hundred blah blah blah". What type of loss moves? AN OPEN POSTION. It's been going on for years. Can';t be futures. The account was a hedgie long gone. Marked to market...

It's a bd. What kind of receivables would they have. If you look at Lehman/enwv/Wood River, they sold the long for a quick, although substantial loss. By the way, ENWV is on the SHO list. In the case of Refco, my bet is they passed the hot potatoe hoping for more and more of the shorts to...

http://www.nypost.com/business/55204.htm Don't say I didn't warn you all along. When the buyins happen, they'll be some opportunities. That's the best that can be said.

http://www.nypost.com/business/55204.htm Get out, and stay out. A dollar bounce isn't worth what's coming. These are naked short sales, probably marked to market. If one of more of these stocks blow up, 400 mm becomes a billion very fast. This is a serious, serious blowup, probably...

The Post will report in the morning that the 439mm are from failed hedge funds. This would be similar to the ENWV thing, where there is some clearing out there with 4mm shares of a stock the client bought at $25, going by the Lehman problem, that now trades at $13. There can't be any equity...

Refco will never open up. When they get in there, they will find millions upon millions of shares of naked shorts that Refco hid for years. 439mm?????? Ya, if you go off the offer. Wait till SIPC starts to buy 'em back. For years, first just a few, then a few thousand of us screamed...

Forget Forex, commod's. Refco cleared for scum brokerage firms. There is a Wells notice against them now for mainipulating a stock, SDNA. There are probably many, many more Sedonas on the books. The Sec complaint is about helping brokers naked short. When clearing firms naked short, the...

from the fool .com. You may hate this guy, but is this right????? Here is something odd for those following this story: Back on August 8th I bought some 25,000 shares (I think the filing ended up showing 50,000 shares because I bought the rest that day or the day before). Oddly, I could...

Dr. Byrnes father, a director, purchased 200,000 shares on 8/30. I've been sitting on this for three days waiting for permission to release it. Take a look.............from fool.com.... Here is the punch line: my Pop bought 200,000 shares right at the end of August. He still has not gotten...

Wood River all done, the NYTimes will report in the morning. Lehman already stuck for 9mm. Wood River owns 39% of ENWV. If they walked, no equity there. Enwv on the SHO list. What brillant clearing firm is stuck with this mess? Here comes the October crash.

I asked a NY Reporter why he thought the stock was down so hard. After all, the money was paid back. I wanted to see what he would say. I know he talked to the new CEO. He thinks institutions now believe another shoe to drop. there are many who believe they don't make it. They did an...

http://www.thestreet.com/_yahoo/markets/matthewgoldstein/10246427.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA ..........."hard to collect receivables....." Hmmmm., a bd, hard to collect receivables. Kinda like Lehman on a big scale. Could they be......... no. NAKED...

are from companies on or involved in Naked Shorting schemes? refco has received a Wells Notice int he manipulation of SDNA, one of a minimum of 60 stocks manipulated by LTS, an unknown number cleared through Refco. Wonder why they sold shares to the public when they did. Oh, those silly...

incoherent, huh. bd's will do ANYTHIHNG that hedgies ask them to do...........Oh, yeah., shocks on the SHO list. The hedge fund is gone, they've left behind a tone of stock that doesn't exist.. Great, just great. Wood River Fund Has Big Position In Wireless Firm's Fallen Shares By...

They don't mention "naked" and they don't say he used tactics not unlike the ones Gradiant is alleged to have used, but his trial transcripts do. TSX-V's Global client Elgindy facing asset forfeitures 2005-10-03 15:34 ET - Street Wire by...

http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=1600670676&tid=ostk&sid=1600670676&mid=45573 This is really Patrick Byrne, and he really reads this thread. Now this post if fundamental in nature, but he does go into the horrible, frightening behind the scenes intrige these...

http://www.bloomberg.com/apps/news?pid=10000085&sid=aHySmg8vDh9g&refer=europe I am fully aware of what the hedgies find fault with in OSTK. "But why don't they EVER, I mean EVER, address the amount of time that OSTK has spent on the SHO list, which, to remind you young bucks is a tremendous...