July 21, 2008
IF YOU CONTINUE TO DO NOTHING ABOUT ILLEGAL NAKED SHORTING, YOU ARE CONRIBUTING TO THE DESTRUCTION OF THE STOCK MARKET, FAILING BANKS, MUSHROOMING HOME FORECLOSURES, MILLIONS OF RETIREMENT PLANS, AND THE LITTLE BIT OF REMAINING CONFIDENCE THE AMERICAN PEOPLE HAVE IN OUR GOVERNMENT AND FINANCIAL SYSTEM.
THIS IS THE THIRD TIME I HAVE PLEADED WITH YOU TO DO SOMETHING. AS A PRIME EXAMPLE, LOOK AT SOLAR STOCKS AS A GROUP. EVERY ENTITY IN THE WORLD IS BEGGING FOR THE WORLD TO IMMEDIATELY TAKE STEPS TO KEEP THE POLAR ICE CAP FROM MELTING AND FLOODING A LARGE PERCENT OF THE WORLD, INCLUDING LOWER MANHATTAN. AND YET EVEN THE BEST OF SOLAR COMPANIES ARE BEING DESTROYED BY THE NAKED SHORTERS. SOLAR AND WIND ARE TWO OF THE BEST HOPES WE HAVE FOR REDUCING CARBON DIOXIDE, A PRODUCT OF FOSSIL FUELS.
AS AN EXAMPLE, LOOK AT LDK SOLAR (NYSE ADR). THEY HAVE SOLD EVERYTHING THEY CAN PRODUCE FOR ALMOST TWO YEARS, AND ARE NOW COMPLETING TWO NEW FACTORIES. THE HIGH HAS BEEN $75 AND IT IS NOW $35. THE NAKED SHORTERS KEEP POUNDING IT DOWN TRYING TO SALVAGE THEIR SHORT POSITION OF 15 MILLION SHARES +.
I BEG YOU, PLEASE STOP THE NAKED SHORTING.