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To: MeneMeneTekelUpharsin
Try naked shorting. A recent scandal is that many over the counter stocks are now listed on German stock exchanges regardless of the wishes of the corporations listed. The purpose is to do multiple naked shorts, drive the stock price down and then cover at a very low cost.

This is only one idea. Remember, people only pay for what they think they want on the basis of what they think it is worth. Since most thinking is just emoting regardless of how we conceive of it, it is no wonder that people both over and under value equities.

2 posted on 09/18/2004 7:23:54 AM PDT by shrinkermd
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To: shrinkermd

I was wondering about that. Seems some stocks are dropping simply because someone wants them to, not for any valid reason. That would imply the entire securities market is controlled by outright thieves.


3 posted on 09/18/2004 11:50:44 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: shrinkermd
Try naked shorting. A recent scandal is that many over the counter stocks are now listed on German stock exchanges regardless of the wishes of the corporations listed. The purpose is to do multiple naked shorts, drive the stock price down and then cover at a very low cost.

You are exactly correct. I wish the SEC would do more about that practice. The MMs manipulate stocks and drive them where they want them to go without any fundamental reason. Microtek is making a profit and should be okay in the long run, IMO.

6 posted on 09/30/2004 6:20:49 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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