Breaking News: SEC FINALLY Bans Naked Short Selling - Flytiger Vindicated

UAUA? how would of the new rule helped the move in UAUA? read the last sentence

f a short sale violates this close-out requirement, then any broker-dealer acting on the short seller's behalf will be prohibited from further short sales in the same security unless the shares are not only located but also pre-borrowed.


Quote from flytiger:

Naked shorting is a tool used to destroy equity of companies so they cannot survive - so they never have a chance. By it's definition, it would be targeted to companies who are stugglling.

Lately, it' s morphed tothe big names. UAUA? Think that was a mistake? the authorites don't think so. Naked shorted? Probably, but it definitely was a planted story with a purpose. Bear? We can show you the fails off SEC data. LEH, AIG? They'll show up next quarter. How's that for transparency?

I'm very tired listening to people who have done no work, but opine. Some of you are paid. That, in hindsight you will find, was not a good business decision. The rest of you, based on the work ethic you display in this board, won't be around that much longer anyway.

What some of you fuzz cheeked punks may never understand is, you have tests in your life. You will have choices. Sometimes the right choice is painful. I found that out. I stood by Patrick Bryne when Buffett and his Dad said, "don't go there. It's too big." But you morons want to quote Arturo Bris, who's on scholarship from the DarkSide. If Warren Buffett says, "it's too big", how big is it?

Supersize those fries, will you?
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Quote from nutmeg:

"John Mack is a fraud."

I thought you would be pleased. He's an ally, fighting the righteous fight against short sellers.

Some people who complain about shorts are frauds?
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When he enabled his frim to do it others yes.
 
Quote from Joab:

Listen little boy, I'm 44 and been in the business for over 25 years, you have no clue what your even talking about.

Your a communist, not an American.

20 years ago they would have locked you up for even suggesting what you are.

Mr. Moron !
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I stand by what I said.

Nice morning, wasn't it. NYTimes, making up quotes on Mack/Pandit, yeah. I made ia all up.

You know what. If you can't figure it out after the events of today, you're beyond help.
 
Quote from Steelhead:

why does this remind me of fema after katrina?
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Is the SEC as inept as FEMA? I hope not, or banning shorts will only be a bandaid, to be washed off with the next round of debt-for-equity swaps by foreign money.
 
shorts implaled in todays rally.

if you didnt cover no worry. you can try again tomorrow s&p up another 30 since the close. Is is soup yet?
 
So what's the general sentiment? Was there a short selling cabal of hedge funds in existence? If so are people here sympathetic to them? Or did they get their just desserts served to them by the regulators?

When speculators were attacking Thailand and other Asian markets in 1997 where did you stand on the issue? Did China handle the situation better with their intervention in Hong Kong?
 
Quote from Capablanca:

So what's the general sentiment? Was there a short selling cabal of hedge funds in existence? If so are people here sympathetic to them? Or did they get their just desserts served to them by the regulators?

When speculators were attacking Thailand and other Asian markets in 1997 where did you stand on the issue? Did China handle the situation better with their intervention in Hong Kong?
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do a search on death spiral financing.

the half-wits working in the SEC knew about naked short selling long before it was public knowledge.

how did they know? it was their college buddies bragging about it during after hours drinks.


SEC is not helping anyone but their own over-paid friends. Now that these mofos ..err buddies are drowning in the toxic shit they created, the god damn SEC finds it necessary to ban short selling altogether.

None of this will help.When you consider most working at the SEC consider it "doing time" before they hop across the street for higher pay. There is systemic corruption embedded in the current revolving door setup.
 
Quote from arealpissedgoy:

do a search on death spiral financing.

the half-wits working in the SEC knew about naked short selling long before it was public knowledge.

how did they know? it was their college buddies bragging about it during after hours drinks.


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Brother????!!!??? Is that you?

Told you they couldn't totally ban short selling, but 799 companies. Probably the best you can do.

Homeland Security and FBI involved now. SEC is kaput, finished, washed up, over............

Oct 2, 30 day extension possible, and that's it. If they don't get these guys by then, nothing they can do but Congressional law or a permanant ban. This still does not fix the big problem, which appears to be terrorism. Remember, Curshen was arrested 9/4. He was the king of offshore. Was housed in the Embassy building in Costa Rica above the Mossaud. Huge in MM's, BB's and Pinks. They were just naturally gravitating to the listed stuff.
 
Quote from flytiger:

I stand by what I said.

Nice morning, wasn't it. NYTimes, making up quotes on Mack/Pandit, yeah. I made ia all up.

You know what. If you can't figure it out after the events of today, you're beyond help.
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I can't wait for the day you get your ass into another Enron or Lehman, only to watch your 500k IRA drop to 10k overnight because the market couldn't value it properly.

This is what will happen IF short selling is made too difficult.

But your so much smarter than everyone, so I'm sure this will never happen to you or will it?
 
Quote from Joab:

I can't wait for the day you get your ass into another Enron or Lehman, only to watch your 500k IRA drop to 10k overnight because the market couldn't value it properly.

This is what will happen IF short selling is made too difficult.

But your so much smarter than everyone, so I'm sure this will never happen to you or will it?
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I'm not smarter than most. But I am more honest, and I have more scruples. And if you're spoon feeding me chicken shit, and telling me it's chicken salad, I'll know. I figured there'd be a financial ban on shorting after the close. I called one of the investigators. He bought 20,000 RBS, UYG........ That's just critical thinking. If it's a world crisis, the governments are acting in tandem. Can you think like that, or do you need a 'hot tip' for a "real good guy'.

I'm flat. Not my style. I stay with my discipline. And I don't trade on inside information. I am probably more talented thatn Cohen and Loeb. They'll just do shit I won't do.

If the SEC had not done this, you'd have no market monday morning. There'd be no atms, no money markets, no markets. I'm sorry you're short across the board. But that's the risk. You couldn't figure it was a crowded trade? You couldn't figure the bear raids on MS< GS, STT were manipulative? That something would be done.

Let me tell you what a reporter, who will probably be incarcerated very shortly, told me when I was on the balls of my ass and begging for help in this, "I'm sorry for your troubles."

And I'm sorry for yours. Because you wishing harm on me shows what a sad demented individual you are. .

What I should do, is load up on a particular stock that the politicians are talking about. Get a good slug, the calls. Then, I should come here, put it on Wall St. News, and sell to the newbies, and some of you. But I won't. Know why? It's the wrong thing to do. You should try this approach sometime.. you know. Doing the right thing, not doing the wrong.

And if you guys think this week was something, you wait. You aint' seen nothing yet. You will be shocked beyond you're wildest dreams.
 
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