To: b359
for an ordinary retail trader like me, we can “sell” shares which we don’t own.....hoping the price will soon go down, at which time we buy to “cover” at the lower price. (if it goes up enough to reach max pain, we cover at a higher price).
What I THINK you want to know about is organized manipulation that is beyond the reach of we retail traders....this will explain in detail in lay terms....well worth watching, as it is the object of all that you’ve heard about “naked” short sales that has taken down the market cap of many companies:
http://www.deepcapturethemovie.com/
45 posted on
10/17/2009 8:14:08 AM PDT by
Vn_survivor_67-68
(CALL CONGRESSCRITTERS TOLL-FREE @ 1-800-965-4701)
To: Vn_survivor_67-68
What I THINK you want to know about is organized manipulation that is beyond the reach of we retail traders....this will explain in detail in lay terms....well worth watching, as it is the object of all that youve heard about naked short sales that has taken down the market cap of many companies:
http://www.deepcapturethemovie.com/
Vn, Thanks for the link to "Deep Capture the Movie". It is a great primer on short selling and what we have just witnessed. It is downright frightening. The scope of this thing takes a lot of intellectual courage and honesty to get around it. This is a good follow up to Taibbi's article. Both are well researched with an understandable explanation of the financial mechanics involved.
I am deeply troubled by the movie. I recall when this happened. A few days after the collapse of Bear Rush told of this huge windfall someone made shorting Bear. He was outraged at the naked robbery of America and how the culprits remained hidden and unpunished.
I encourage everyone to go to this link and see this movie. It is truly unnerving.
Mr Sol.
To: Vn_survivor_67-68
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