Seeking Alpha

baltbear's  Instablog

baltbear
Send Message
http://baltbear-on-finance.com/about-us
My company:
baltbear on finance
My blog:
baltbear on finance
  • Transparency in "Long for Later Delivery" 2 comments
    Jul 10, 2010 6:25 PM

        Ever since the boxwood tree trading insiders have built the system to their own inside advantage. Often they have used confusion and verbal subterfuge to hide the inherent rigged nature of the financial game.
        Of principal interest to me, since 1996, is the fact that if there could be an uptick rule, the so-called "short interest" could be reported close to real time. Traditionally clerical complexity and book-keeping frictional time loss have been offered as excuses for shorting to be done invisibly to the retail observer.

        I was just advised that as a result of a change in sec regulations, FINRA is now admitting it can give short-sale information on a daily basis.
        I consider that a major victory.
        I normally don't write about individual tickers, but about what the prudent speculator needs to understand about the rules of the game.
        Theoretically, "capitalism" works best when a transparent, liquid market allows Smith's "invisible hand" to adjust the pieces on the board. Reality has always shown that ideally efficient capitalism never produces extremes of profits. Smith himself said that extreme profit was a tax on the poor.
        So congratulations to the SEC for acting like a capitalist entity, instead of the tool for plutocracy it so often is.
Back To baltbear's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • bballer
    , contributor
    Comment (1) | Send Message
     
    Balt,
    I have read your extensive comments about BTIM and ICO. What is your current opinion of ACTC? Do they have the product and management to succeed?
    16 Jul 2010, 05:50 AM Reply Like
  • Downunda
    , contributor
    Comments (3) | Send Message
     
    SEC has done what ? Spoken? thats it ?
    Have they wired the servers up so the closest servers connected to the exchange are no longer advantaged by a split second edge that allows algorithmic pre-trades at the speed of light after reading the latest trading orders not yet processed and waiting on in line for processing? No, the cheating game rolls on my friends.
    Solyndra -Wall St Style
    17 Sep 2012, 04:35 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

  • the emerging weakness on RNR is an indicator of smart money seeing the double dip coming, and laying off the problems to retail buyers.
    Jul 10, 2010
  • markets are like marshmallows: they should be golden and sweet, not burnt and runny.
    May 8, 2009
More »

Latest Comments


Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.