OSTK ceo

Choad · Feb 24, 2006

Looks like the SEC is backing away from Greenberg, for now.

http://www.marketwatch.com/News/Sto...8-a226-63bffd134a24&siteid=yhoo&dist=morenews

But they did, according to reports, subpoena Carol Remond.

rcj · Feb 25, 2006

shorty did it to us ........... Lay/Skilling trial.

http://www.chron.com/disp/story.mpl/business/steffy/3632720.html

flytiger · Feb 25, 2006

Quote from rcj:

shorty did it to us ........... Lay/Skilling trial.

http://www.chron.com/disp/story.mpl/business/steffy/3632720.html

They always say shorting. They never say naked shorting. You cannot fudge financial reports, short stocks then release the reports. That is manipulation. You cannot demand "nonpublic material facts", or stop commissions, that insider trading and extortion. And you cannot naked short (over short, counterfeit shares) to take advantage of the former. Simple. Now, if you can't figure out naked shorting is not shorting, go write for the times. Nocera can't figure it out either.

fxpeculator · Feb 26, 2006

Naked shorter just ran off with $185 million. Wonder which stocks Hedge fund manager Kirk Wright was shorting before he fled the country.

This thread has a little info on the Atlanta hedge fund manager.

http://www.elitetrader.com/vb/showthread.php?threadid=64724

flytiger · Feb 26, 2006

Quote from fxpeculator:

Naked shorter just ran off with $185 million. Wonder which stocks Hedge fund manager Kirk Wright was shorting before he fled the country.

This thread has a little info on the Atlanta hedge fund manager.

http://www.elitetrader.com/vb/showthread.php?threadid=64724

Ah, the ole "O Hare Spread".

sprstpd · Feb 26, 2006

Quote from fxpeculator:

Naked shorter just ran off with $185 million.

http://www.elitetrader.com/vb/showthread.php?threadid=64724

How do you know this was naked shorting?

ratboy88 · Feb 26, 2006

Quote from sprstpd:

How do you know this was naked shorting?

i was wondering that also.... i couldnt find that info, nor could i locate which issue he had shorted.

flytiger · Feb 26, 2006

This is not the first time this has happened. There hav e been several instances, the big one, a 10mm hit at FISERV. it forced them out of clearing.

I don't know this is naked shorting either. THe manager might not even know. This is more and more becoming a product of stock loan. Why turn down an order? Just say yes, and collect the vig. We'll find out.

flytiger · Feb 27, 2006

Biovail complaint too big to post. It's here:

http://thesanitycheck.com/BobsSanityCheckBlog/tabid/56/EntryID/106/Default.aspx

Item 66 has customers of Gradiant. If you read the accompanying blog, the Gradiant affiants have some remarkable claims to make, and sense they swore them to a Federal Judge under penalty of perjury............

flytiger · Feb 27, 2006

http://www.thestreet.com/_tscfoc/markets/marketfeatures/10270634.html

Told ya it was coming. These don't come from thin air, you know.