May 6, 2009
Massive naked short destroyed the market. Many many fake shares sold in last year or so.
there are articles say naked short is not a problem, and there is no naked short shares. Who would believe that?
When SEC decided to not allow naked shorting a while ago, multimillion/billions of naked short shares suddenly disappeared. They become not naked shorted. It is completely bullshit. Some big boys have been trying hard to hide the facts.
SEC opens only half of its sleepy eyes trying not to see the simple fact. As a government agency, it is really disappointing.
I follow a few stocks, they are all almost naked shorted to death. LDK is one them, still have about 15 million shares short sold out 33 million floating shares as public information Who knows how many shares are naked shorted and not published? Trading at PE ratio of 6 is a joke
MR a medical device company has been doing great and profitable, still have 12+ million shares short sold,
And of course, whole financial sector was short sold except a few big boys such as JP Morgan, Goldman Sachs etc.
SEC as a government agency (hopefully not corrupted), need to force illegal short sold shares to cover. Don't help hedgies destroy American, and Wall Street. Don't let Wall Street get ditched by public.
FORCE BIG BOYS COVER THEIR NAKED SHORT
NO MORE NAKED SHORT
SEC: PLEASE DO NOT PRETEND THAT YOU DON'T SEE IT. YOU KNOW IT, WE KNOW IT, SHORT SELLER KNOW IT