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    SEC Extends Order Limiting Naked Short Selling Through August 12

    The damage is being caused by the thieves that don't have to account for themselves. All the SEC's measure did was to penalize innocent traders by making it difficult for them to short these stocks and allowing unscrupulous brokers to add to their revenues by charging extra fees in exchange for...
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    SEC Extends Order Limiting Naked Short Selling Through August 12

    It is BS with a capital B and a capital S. The SEC's measure didn't do a thing to the real culprits who just shorted away to glory.
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    McCain - Does he have the right stuff?

    Facts in the commentary speak for themselves.
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    McCain - Does he have the right stuff?

    http://www.marketwatch.com/news/story/why-mccain-would-mediocre-president/story.aspx?guid=%7B4914192B%2D12AF%2D4623%2DAB18%2D5EFE91204B04%7D
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    annaland's song of the day

    Rockn - Yw. Glad you enjoyed it.
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    What the F#@&

    Well, I should have made myself clearer : One of the reaons for wall street ending sharply lower was the steeper than expected declines in existing home sales. Regarding your query about the aerospace sector, I have no comment as I am not an expert by any stretch of the imagination. I will...
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    What the F#@&

    One of the reasons: Steeper than expected declines in existing home sales. "The National Association of Realtors said sales resumed their decline in June after a slight rebound in May. Existing home sales declined by 2.6 percent in June, well beyond the 1 percent drop economists had forecast."
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    A movie to awake the masses of dummies

    He might get elected too. A populace that elects Bush to two terms ............. don't put it past them.
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    ULTIMATE HYPOCRISY: You can't 'naked short' certain equities, but 'Market Makers' can

    The rally is just a show to make the SEC look good and for it to say : "Our measures worked". Let the dust settle down and these thieves will be back at it again. They'll probably end up choosing a different playground a la a different group of stocks and will leave the financials alone unless...
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    annaland's song of the day

    <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/1OjTspCqvk8&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/1OjTspCqvk8&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true"...
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    Anybody try to short financials today?

    Once you use up the quota of 1,000 shares you have to request for more. I am not positive but I believe this is how their setup works. I lost interest because of all the nuances involved and didn't pursue further. I believe the concept is to locate and borrow the shares and then make them...
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    Anybody try to short financials today?

    The SEC is barking up the wrong tree.
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    Anybody try to short financials today?

    I can short any of these at my firm at an added cost of one and one half pennies per share. The problem is you have to tell them the number of shares you need and after they provide you with the requested amount you will be charged for the amount they provided even if you don't short a single...
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    ULTIMATE HYPOCRISY: You can't 'naked short' certain equities, but 'Market Makers' can

    I have to pay 1.5 pennies per sharel All of them are available but at an extra penny and a half. The irony is I get charged even if I don't use them.
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    ULTIMATE HYPOCRISY: You can't 'naked short' certain equities, but 'Market Makers' can

    Agreed. However by picking its spots, I believe the SEC can still uncover important information. As an example when Leh's price crashed from 22.27 on July 8 to 12.40 on July 14.
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    ULTIMATE HYPOCRISY: You can't 'naked short' certain equities, but 'Market Makers' can

    Hedge funds in general are legit and go by the book. However, a very small albeit powerful percentage of this breed is causing all the mischief. They essentially control order flow in the stock markets and dictate direction. They engage in corruption and bribery to achieve their desired results...
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    ULTIMATE HYPOCRISY: You can't 'naked short' certain equities, but 'Market Makers' can

    I am referring specifically to the list of 19 major financial firms outlined by the SEC last tuesday: * BNP Paribas Securities Corp. * Bank of America Corp. * Barclays PLC * Citigroup Inc * Credit Suisse Group * Daiwa Securities Group Inc * Deutsche Bank Group AG...
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    ULTIMATE HYPOCRISY: You can't 'naked short' certain equities, but 'Market Makers' can

    I am referring to the securities in question. There are too many variables involved to make sweeping generalizations about securities as a homogenous group.
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    ULTIMATE HYPOCRISY: You can't 'naked short' certain equities, but 'Market Makers' can

    I'm not going to argue with you. I reiterate that what I've stated are facts. Your statements are hypothetical. To wit: Not being able to see the fails and your belief but not a fact that "cox was at a crossroads and was forced to move" etc. Be that as it may, it is pointless to continue this...
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    ULTIMATE HYPOCRISY: You can't 'naked short' certain equities, but 'Market Makers' can

    There is nothing erroneous about my post. Everything stated there is a fact except for the articles which I posted for informative purposes with the caveat that I disagreed with many of the points of view. My goal is to simplify things so that people can clearly understand the concepts being...
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