Byrne Takes Full Page WSJ Ad, Taunts Stevie

So, that CEO is taking out an ad and suddenly the hedge fund world is gonna die? I bet you were in the midst of the occupy Wall street folks. What a hogwash.

Quote from flytiger:

Where did you go to school? Of course there is harm. Do you know anything? What does TA do? It measures supply and demand. If you have unlimited supply, how do you measure real supply, or real demand? What don't you get about the basic premise of Capitalism. I give you something valuable to you for something of value in exchange. If it happened to you, you 'd bitch.

It's fraud, plain and simple. The Street wanted to crush O for doing a Dutch Auction. They got in, picked the wrong guy, now they die. And this will open up a can of worms most won't be able to recover from.

An old customer's friend was chief compliance officer at one of the big boys. He quit, saying, they didn't want to know right from wrong, they wanted to know if they did a certain thing, could they go to jail. That is the most banal of human behavior. It's ok unless I get caught. Well, guess what. They got caught.
More...
 
Quote from CalVolibrator:

So wait, "illegal short selling" is bad but legal short selling (meaning, being able to locate all the short sell inventory) is fine right? Ok, good, just wanted to check we are on the same page. I was afraid you support mediocre management performance by disallowing short sellers to hold management responsible financially.
More...

what do you think? its like making shares available that never went through the registration process...like counterfeit..do you think counterfeiting US dollars is ok? and yes they'd obviously prey on weak companies..it works better that way.
 
Quote from CalVolibrator:

So wait, "illegal short selling" is bad but legal short selling (meaning, being able to locate all the short sell inventory) is fine right?
More...

Kind of yes. Call me stupid, but when you naked (that's what you meant by illegal) short sell, you artificially create more stocks, because you are selling something what didn't exist before. Am I right? When you are shorting borrowed shares, those shares do exist.

Technically speaking you could naked short sell MORE shares then the existing number of ALL shares. What stops you doing that? After all you don't have to borrow them... Now once you think about this, you understand why it should be (and it is) illegal....

Quote from ElCubano:

like counterfeit..
More...

Exactly....
 
Quote from Pekelo:

Kind of yes. Call me stupid, but when you naked (that's what you meant by illegal) short sell, you artificially create more stocks, because you are selling something what didn't exist before. Am I right? When you are shorting borrowed shares, those shares do exist.

Technically speaking you could naked short sell MORE shares then the existing number of ALL shares. What stops you doing that? After all you don't have to borrow them... Now once you think about this, you understand why it should be (and it is) illegal....
More...

in the otcbb world shares were being sold in this manner as well and stock pump and dump promoters would be issued shares by insiders bypassing the registration process...kinda the same shit..peace
 
I am a huge proponent of short selling, given the shares are located for short sell in full accordance with SEC regulations (I thought it was clear I am against naked short selling). Yes, I have no problem to borrow the hell out of shares I can dump if I think the company produces crap, their marketing is fraudulent, and/or the management stinks. Why not. Why can some borrow and lend money (through mortgages/bank deposits) and others cannot long and equally short sell companies. Because most of the so-called-corporate elite tells you so? I beg to differ.


Quote from ElCubano:

what do you think? its like making shares available that never went through the registration process...like counterfeit..do you think counterfeiting US dollars is ok? and yes they'd obviously prey on weak companies..it works better that way.
More...
 
selling something that didn't exist before, also known as "futures" and also "options" . . . So we should ban both of those, right? This is all just sour grapes, if naked shorting depresses price, that should be a goldmine, just buy more shares and squeeze the shorts. This is just like all the gold bugs whining about "manipulated" gold market, OK if JPM is manipulating precious metals, then buy more. If Costco were manipulating price of beans, what would you do? Buy more. It would be free money, not something to whine about like big babies.
 
Quote from billyjoerob:

selling something that didn't exist before, also known as "futures" and also "options" . . . So we should ban both of those, right? This is all just sour grapes, if naked shorting depresses price, that should be a goldmine, just buy more shares and squeeze the shorts. This is just like all the gold bugs whining about "manipulated" gold market, OK if JPM is manipulating precious metals, then buy more. If Costco were manipulating price of beans, what would you do? Buy more. It would be free money, not something to whine about like big babies.
More...

I think the difference with futures is that they have to zero out every quarter.

Which is why I wondered why companies under a naked short attack don't just call in the shares and issue replacement ones or just threaten to do it.
 
I just looked at the overstock chart...
that is an amazing move since april.


can that incredible 300 percent pop in the stock since april be caused by anything other than short covering?
 
Quote from jem:

I just looked at the overstock chart...
that is an amazing move since april.


can that incredible 300 percent pop in the stock since april be caused by anything other than short covering?
More...

And what do you think is left? We know they can short multiples of the float.
 
Quote from jem:

I think the difference with futures is that they have to zero out every quarter.

Which is why I wondered why companies under a naked short attack don't just call in the shares and issue replacement ones or just threaten to do it.
More...

The difference is , futures financially represent a know commodity at a set price, and it is backed by possible delivery. Naked shorting is like someone renting out your house and collecting the rent, while having no economic interest in the property.
 
You must log in or register to reply here.
Back
Top