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We don't know how many fails there are in the financials, because the DTCC and SEC do not even let the companies know. We can surmise that since they aren't on Sho, they are below the threshold limits, however, OSTK has dropped off twice, and reappeared within days. That means, they can float...

No. It's perpetual, and at zero, they don't even pay taxes.

First, the legit borrows are finite. The fakes are not. They are infinite. Remember a little more than a year ago Chanos raising hell because he knew the locates he was getting were fake locates, and he had to pay for them? That is part of what this is about. How would you like to have 10...

You have to believe they believe the agency stays bought. Just the arrogance with how they act shows you that. The DOJ is not so forgiving. And it's coming.

I don't know why I feel compelled to thank someone for posting with some common sense an d decency, but I do. I think real traders/human beings want to see a fair system, and are willing to test their talent against anyone. As long as it is fair. If it isn't, we all lose.

http://ftalphaville.ft.com/blog/2008/08/13/15048/naked-short-selling-laid-bare/ Great chart here, but I can't get it to copy to ET. any of you computer geeks out there, it's a good read. and as to the LOL crowd. The order was meant to be sure the law was to be obeyed. It said nothing...

What more needs to be said?

I am the last person to defend the criminals running the 19 chosen. Look at the UBS news. The execs knew they wre illegally avoiding US taxes for it's clients. However, if the law were enforced, then, the shorting would, to a degree, be limited to available borrowable shares. The rightly...

My sister in law got hammered in it. Husband was best friend w/the UBS broker. Nobody reads a prospectus. Nobody. I read a few but you know what I mean. the industry sets itself up with trust. Look at all the commercials. Merrill, UBS, what's the operative word? Trust. They might...

Point well taken. It's not like they didn't know what they were doing when they did it. They just didn't think they'd get caught.

What a fucking dope. The Enquirer will stay on his ass until they ride him in the ground. And they won't make a mistake. They've made a huge coup, got some respectiblity, and will continue to break news. This moron needs to come out, fess up, and after a period of time it will go away...

So many stories. Working late one night. Phone rings. An elderly lady was on the phone. "Is Mr. XXXXXX there?" "No. Can I help you? "Why yes. You see. I'm in the Puts and Calls program. And, I just got my statement. What does "e - x - p" mean?" When options first hit...

http://money.cnn.com/news/newsfeeds/articles/djf500/200808121632DOWJONESDJONLINE000565_FORTUNE5.htm Stricter Short-Sale Rules Seen In Wake Of Emergency Order Dow Jones August 12, 2008: 04:32 PM EST WASHINGTON -(Dow Jones)- Although temporary restrictions on short sales in 19...

http://www.forbes.com/wallstreet/2008/08/11/merrill-auction-rate-biz-wall-cx_lm_0812merrill.html When I was in the business, I used to hate, when something went wrong, and the asshole that ran the place would say, "Well fuck 'em. They shoulda known better." Then, I'd go nuts. "You...

Now. Let's look at Waterboys contribution to this thread: Boo hoo hoo! Ready to face reality yet or still living in denial? If you don't like it, DON'T PARTICIPATE! Market "regulation" has always been just smoke & mirrors to get the people to drop their guard and trust the same...

Puts create FTD' s w/ the MM exemption. Read (or Listen) to Najarian. It's the speed. The speed at which it happens. And if there is no limit on the shares.......... http://www.cnbc.com/id/15840232?video=821648767&play=1 Becky Quick: Welcome back. You...

Let's take a look back. Here is my first post on the OSTK CEO board: http://elitetrader.com/vb/showthread.php?s=&threadid=53995&perpage=6&highlight=ostk%20ceo&pagenumber=3 On Aug 12, 2005, Patrick Bryne gave his famous "Miscreant's Ball" presentation. Most of what he said came true. He...

What you're tellling me is, you know nothing, have nothing, are nothing. You do nothing but criticize with no facts - just you're usual diatribe. It is all the trademark of paid bashing. I don't need a million people for me. I have facts, data, contacts. The few that understand may choose...

For you, "Oh yeah. Then Go fuck yourself you crybabies!!!" posters. I reference the above as an intelligent, well thought out and purposeful post. You might want to clip and paste as a study of how to make a point, and a contribution. Fromm the NYPost this morning. Don't say I didn't...

Good. Now, explain all the FTD's.