May 8, 2008
Hi, Im just a retail investor and had no idea about naked short selling and did not understand the concept at first. I had no idea I would get the misfortune to be in a security that is still being manipulated my hedge funds using naked shorting as one of their weapons. This company, OVTI, though one of the top 100 fastest growing companies, several years running with $350 million in cash, zero debt, a PE of less than 10, industry leader and trading at a small fraction of fair value has been on the REG SHO list several times. The stock has been at the mercy of Hedge funds and their illegal tactics for several years now. This is no Overstock company. They earning millions qtr after qtr and are slated to have cash of over 400 million (zero debt) in 1 more qtr.
Im just so tired of waking up every day dreading yet another PAID for FUD report by another hedge fund who miraculously established a short position just a few days prior.
Has the MOB moved into investing? Is it fair for a retail investor to be involved in the stock market??