July 13, 2007
Here we go again.
6500 contracts Put sale followed immediately by a 650,000 shares block sale oF NFI dumped into the market out of the CSE.
11:49:51 650,000 @ $7.54 Bid $7.53 Ask $7.55
That trade took a lot of gaul. That is 1/2 of all shares traded as of noon today.
As of this morning, there were 324,070 open Put contracts in NFI. At this rate of increase, there will be more Puts than the entire issue by the middle of next week.
Do you really think that NFI is not being manipulated with 20 million shares sold short legally and another 33 million naked shares dumped into the market by the options market maker?
That is 53 million shares shorted and trading in a 37 million share NYSE issue.
Why do you refuse to do your job and stop this charade? You people at the SEC are fully responsible for this illegal trading in NFI. You could stop it if you wanted to.