Post by soonerlew on Feb 17, 2008 18:56:46 GMT -5
Hope someone can watch this and tell us what you thinks!!!!
pennystock2005
DIAMOND DIGGER
Re: gossip discussion weekend edition 2/16-17
« Reply #22 on Today at 5:31pm »
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Hi Everybody out of lurk mode to post this...
I regularly watch "Business News Network" BNN here in Canada. To my surprise Robert Shapiro, Former Under Secretary of Commerce for Economic Affairs in the U.S. gave a analysis of naked short selling and who is responsible if proven. Very clear and concise definitions of what Short Selling vs. what naked short selling is. He also went on to say that it comes down to one entity that is responsible if naked short selling is or was taking place in the market. It is the DTCC. He gave a example of a company who bought back all there shares from the market. Next day the company traded 20 some million shares. How could that be possible one might ask oneself. The word of naked short selling is getting out there in a big way folks. This did not exist 2-3 years ago. I do believe we were the biggest thorn in the backside for the brokers and the DTCC back then. If it was proven that the DTCC was ultimately responsible for allowing to many shares to be sold of CMKM we will be seeing insurance payments disguised as something else..We shall see ..Back to lurk mode..
Go to the link below @ the 16:35 mark in the show ..This is where the interview starts..recorded on 02 15 2008
Good luck to all Cert holders..
broadband.bnn.ca/bnn/?id=2237&vid=32383
Cheers
millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1203161392&page=2
pennystock2005
DIAMOND DIGGER
Re: gossip discussion weekend edition 2/16-17
« Reply #22 on Today at 5:31pm »
--------------------------------------------------------------------------------
Hi Everybody out of lurk mode to post this...
I regularly watch "Business News Network" BNN here in Canada. To my surprise Robert Shapiro, Former Under Secretary of Commerce for Economic Affairs in the U.S. gave a analysis of naked short selling and who is responsible if proven. Very clear and concise definitions of what Short Selling vs. what naked short selling is. He also went on to say that it comes down to one entity that is responsible if naked short selling is or was taking place in the market. It is the DTCC. He gave a example of a company who bought back all there shares from the market. Next day the company traded 20 some million shares. How could that be possible one might ask oneself. The word of naked short selling is getting out there in a big way folks. This did not exist 2-3 years ago. I do believe we were the biggest thorn in the backside for the brokers and the DTCC back then. If it was proven that the DTCC was ultimately responsible for allowing to many shares to be sold of CMKM we will be seeing insurance payments disguised as something else..We shall see ..Back to lurk mode..
Go to the link below @ the 16:35 mark in the show ..This is where the interview starts..recorded on 02 15 2008
Good luck to all Cert holders..
broadband.bnn.ca/bnn/?id=2237&vid=32383
Cheers
millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1203161392&page=2