May 13, 2008
The SEC strikes again. OMG a strong, profitable, growing company is attacked by "Naked short sellers" and loses 25% of its market value in one week between May 6 and May 13, 2008. The SEC says it has no evidence elimination of the "Uptick rule" has impact on the market. Well, here it is with OMG. All one has to do is watch the live quotes as they come through. It's very clear.