Comments on Charles Jones' articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/charles-jones/articles http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-211045 211045 Mon, 21 Jul 2008 18:21:03 -0400
How is this legal? How did I give my broker the right to 'lend/sell' my shares?]]> http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210943 210943 Mon, 21 Jul 2008 16:35:33 -0400 http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210775 210775 Mon, 21 Jul 2008 13:25:06 -0400 Quote
He that sells what isnt his'en must pay his debts or go to prison..
( Long standing rule..which has stood the test of time.)
]]> http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210669 210669 Mon, 21 Jul 2008 11:54:01 -0400
With the financial stocks up sharply for a fourth day in a row since the SEC banned naked short sales in leading financial stocks, one has to wonder how much of the size of the decline owed to hedge fund naked shorting of these stocks and why, if the SEC is at all concerned about excessive market volatility owing to bear raids, it does not ban naked short sales in all securities and enforce this
rule with real  penalties.  The answer is, of course,  the SEC is the client of Wall Street insiders, not the investing public.  I might not have said that, but for way at the end of June 2007 the SEC cleared the way for a bear market by suddenly, capriciously, illegally allowing short sales on down-ticks.  The SEC has not
begun a single action against anyone for driving a stock down by naked short-selling. We should watch the SEC.  They want financials to rally now.  There are two earlier cases, in 1931 and 1932, where the NYSE briefly banned short sales. The market rallied then, too, until the ban was lifted.
See seekingalpha.com/artic...

I have to mention the SEC's hypocrisy and Chairman Cox's misleading statements on CNBC, where he denied naked short selling was illegal.  Cramer hit COX pretty hard.  Wall Street is not a level playing field.  And the SEC is not even pretending now.   That suggests that they are rather desperately trying to bring a
recovery. This is as rank as Bush's connections to Enron's Ken Lay.
He denied being friends with this convicted swindler. But the truth was Lay provided Bush with more than a million dollars. Bush would likely not have become President without Lay's lavish support.
                          They are supposed to police insider trading.   Who police's the SEC?   It is clear from 
                          the high volume of trading in  finance stocks before the announcement, that they let
                          favored insiders know in advance. 
                      ... ( See - www.tigersoftware.com/...   )
  

                      ... Given their heavy weighting in the DJI - BAC, C and JPM, I would think
                      ... the DJI will move higher and reach the point of breakdown, 11700.  A 50%
                      ... retracement would take the DJI up to 12000.   It is back to its declining
                      ... 21-day ma. and the resistance of the hypothetical low of January.  The market
                      ... was very oversold.  A two week rally off a July low is typical even in a bear market.
                      ... That the DJI is moving up appreciably more than the  SP-500 or NASDAQ
                      ... makes the rally suspect. 
                      ...
                      ... V-Bottoms Are Not Common

                      ... Despite the 450 point rally, we have no major Peerless Buy.  So, the odds favor the
                      ... rally being short-lived and a re-test of 11,000,  unless you are accept the Bear Raid
                      ... hypothesis offered above, which then would suggest that the DJI has along way to
                      ... rally, now that insiders have accumulated so much stock at the bottom.   Looking
                      ... back to 1965, there are few "V" bottoms  and still fewer boittoma without major
                      ... Peerless Buys.  Three quarters  of the time, bottoms require at least another test.  
]]> http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210569 210569 Mon, 21 Jul 2008 10:28:25 -0400 http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210338 210338 Mon, 21 Jul 2008 04:54:35 -0400 http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210285 210285 Sun, 20 Jul 2008 23:50:28 -0400
Well, I will set up a company in a country where there are no laws. Then I will short a million shares of x,y,x company. If it goes down I cover and make a bundle. If it goes up I file BK and keep the billion salary I paid myself and let the suckers hold the bag with fake shares. PLEASE someone TELL ME HOW TO GET STARTED. I wanna be rich and famous and buy my own politician to keep the SEC toothless and pay the media hacks to write great things about me. Isn't America wonderful?
]]> http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210277 210277 Sun, 20 Jul 2008 23:30:22 -0400 http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210238 210238 Sun, 20 Jul 2008 22:07:59 -0400 http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210185 210185 Sun, 20 Jul 2008 20:08:36 -0400 ]]> http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210161 210161 Sun, 20 Jul 2008 19:21:58 -0400 http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210119 210119 Sun, 20 Jul 2008 18:06:18 -0400 http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210104 210104 Sun, 20 Jul 2008 17:08:53 -0400 http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210096 210096 Sun, 20 Jul 2008 16:59:18 -0400 http://seekingalpha.com/article/85873-short-sales-sec-turns-back-the-clock-to-1931?source=feed#comment-210090 210090 Sun, 20 Jul 2008 16:51:49 -0400