wendling_r

Gone Nowhere in 8 Years

Yes they were indited, but all charges were dropped and no punishment was put in place. See my web site for the final ruling.

Richard


On Sep 12 03:21 PM untrusting investor wrote:

> The market have been manipulated for many decades, just like they
> are now. It is just much larger scale now and moving into the billion/trillion
> dollar ranges from the million/billion dollar ranges previously.
> See for example the article from 2005 below.
> ======================...
> quote.bloomberg.com/ap...;sid=as_5ShkZcKx4&...
>
> April 12, 2005 (Bloomberg) -- Fifteen New York Stock Exchange specialists,
> the traders responsible for keeping an orderly market on the world's
> biggest stock exchange, were indicted for fraudulent and improper
> trading.
>
> In the biggest federal crackdown on illegal trading at the NYSE since
> 1998, the U.S. Attorney's Office in Manhattan will announced the
> charges this morning with representatives from the FBI and Securities
> and Exchange Commission. Indicted are current and former employees
> of firms including LaBranche & Co., Van der Moolen NV, Bear Wagner
> Specialists, Goldman Sachs Group Inc.'s Spear Leeds & Kellogg
> and Banc of America Specialist.
>
> The charges stem from a two-year probe of specialists, who match
> by and sell orders on the floor of the exchange and trade for their
> own accounts. The NYSE's seven specialist firms last year agreed
> to pay $247 million to settle allegations that they profited on trades
> at the expense of their customers.
>
> ``To see criminal activity on the floor is really astounding,'' said
> Jacob Zamansky, a New York lawyer who represents investors in arbitrations
> against brokers. ``This occurred under the watch of the NYSE. It
> raises questions about whether the NYSE can properly supervise the
> people there.''
>
> If convicted, the specialists face a maximum of 20 years in jail
> on each count of securities fraud and fines of $1 million to $5 million.
>
>
> ``These defendants broke the rules repeatedly,'' U.S. Attorney David
> Kelley said at a press conference.
>
> Indicted Specialists
>
> Former Van der Moolen Senior Managing Partners Joseph Bongiorno and
> Patrick McGagh Jr., Frank Delaney of Bear Wagner and LaBranche's
> Freddy DeBoer are among the specialists indicted.
>
> The NYSE's other specialist firms are SIG Specialists Inc. and Performance
> Specialist Group. The exchange first said in April 2003 that it was
> investigating the firms to determine whether they illegally traded
> stocks ahead of their clients.
>
> Kelley, the SEC and the NYSE have been investigating individuals
> in connection with the violations.
>
> In a statement, Kelley said the indicted specialists violated federal
> securities law ``through patterns of fraudulent and improper trading
> over approximately four years.'' He didn't name the individual specialists
> or the firms they worked for.
>
> The U.S. Department of Justice first targeted illegal trading on
> the NYSE in 1998, when it charged eight floor brokers and two executives
> of Oakford Corp.

Friday's Closing Update

The market is being manipulated by the specialist system in order to accumulate stock before their final push higher into September October before the sharp short decline I am anticipating takes place. To read more about how all of this is being setup click on my website attached to this post and then click on the free reports sections. Go to the bottom of the reports page and read my latest report on the DJIA.

It may open your eyes as to how you and the average investor are being played by these individuals. It costs you nothing except the amount of time it takes you to read the information and any other related articles you find interesting on the site.

Richard W. Wendling

Closing Update for Friday, July 31

The economic data being laid out now is driving the market higher but it will not last. Neither will the bastardized earnings reports that have been tempered so low that it is almost impossible for companies to miss their markets. I expect the market to move higher for the next month or so. I have just posted my latest report on the DJIA on the site linked to this posting. For those investors who are interested in how the market place is really run and why the current market continues to power higher I would recommend you read the documentation on the DJIA.

There is a major decline coming near term but after that once the average investor has been shaken out of the market the true bull market will happen.

To access the information click on the link and then click on the free reports on the top of the home page. It will take you to the latest report.

I hope you find the information useful in your investing future.

Richard W. Wendling

Debunking Ortel's GE Short Case

GE is forming an inverted head and shoulders buying formation. It has just completed the right shoulder of the formation. I am expecting the stock to move well above the $20.00 level before all is said and done.

For more information on how I determined my price range and my latest free report on GE and other stocks follow the link on this note. It also explains how the specialist system manipulates not only stocks like GE but the entire market place to their benefit.

The information is free and hopefully useful to those who are interested in how the market really works.

Richard W. Wendling

Why Are Natural Gas Producers Expanding Production So Aggressively?

All the bantering about CEO salary's and the like is meaningless. It is the specialist in charge of these companies that needs to be watched. He dictates stock price regardless of data from companies. He is the one you want to mirror in order to profit from his movements.

I have just posted a report on CHK explaining his movements for the coming months. If you are interested in reading it click on the link attached with this post and click on the free reports page. The information may be helpful to you.

It costs you nothing except the amount of time it takes to read the data and any other articles you find interesting.

Richard W. Wendling

Closing Update for Friday, July 24: Salvaging a Gain

You are wrong in your assessment of the market today and recently. Specialists and their system want the market to move higher on light volume as it has done in recent weeks. This allows them to manipulate stocks higher without the participation of the average investor because they are out on summer vacation and not paying attention to their investments. Then when September comes around volume will increase dramatically along with the advance of the DJIA. This will indicate the end of the current market rally as those same specialists will be selling out their personal trading accounts and then selling short preparing the market place for the sharp decline I am expecting in the later part of the year.

For more information on how the system is able to manipulate the market as it is now and more information on what I expect in the DJIA click on the website attached to this posting and read the recent market reports on the Dow.

You will be amazed on how the system works.

Richard W. Wendling

Summer Will Ultimately Prove Bullish

I have to agree with the potential Inverted Head and Shoulders buying formation. According to the work I do on my site and the monthly report on the DJIA that I put out I believe that the market could be pushed up to the 10,500 plus level before a short, sharp pullback happens to shake out investors before the next major bull market starts.

Government intervention, poor earnings, and other information are not what drives the market up or down, it is the specialist system and their wants and desires.

For information on the upcoming move higher in the DJIA and how the specialist system works go to the attached site with this message.

For disclosure purposes I am currently 100% invested in the market place until late September or early October.

Richard W. Wendling

Persistent Ignorance by 'Those Who Know Best'

While I agree with you in the intermediate term on the economy and GE, short term I believe both will rally. The reason is simple. The specialist system is setting the broader market up for a major advance into October before a sharp short decline happens. The same will happen with GE as its specialist manipulates the stocks price in accordance with the DJIA. Short term I expect it to move to the possible $25.00 level before falling in the fall.

For my latest report on GE click on the site attached to this post and go to the reports page. All the information is free.

Richard W. Wendling

Goldman Turns Bullish on Hardware: Dell Top Buy Idea

EMC will be a strong candidate for sharply higher stock prices in the near term. With their latest purchase of Data Domain their cash inflows will increase dramatically. I have just written a report on eMC and posted it on my reports page on my site. The link is listed with this post.

Of all the companies listed above I believe EMC has the greatest chance for significant growth.

For disclosure purposes I am long EMC and several other tech stocks not listed in this article.

Richard

Closing Update for Friday, Sept. 25: Weekly Declines Across the Board

The recovery in the stock market can't take place until the market has its final correction. That will be happening soon and the economy and the politicians in Washington will learn what the real world is all about.

In my latest report, issued yesterday on the DJIA I refer to the warning signs that are present and what they mean to the market place.

If you are interested in my feelings on where the market is going to move near term and later on simply click on the web link attached to this comment and then click on the free reports tab at the top of the home page. Then click on the DJIA monthly reprot and see my views of the market place.

I hope you find the information helpful in your investing future.

Richard W. Wendling

Closing Update: Mixed Sentiment; Week Just Squeaks Through

For my latest report on the DJIA go to bearfactsspecialistrep... and click on the free reports tab on the home page. Then click on the report about the DJIA. It costs you nothing except the amount of time it takes you to read the information.

Richard W. Wendling

High-Frequency Trading Winners and Losers (WSJ)

Good article. I agree that with the proper checks and balances everyone who wishes to participate in this form of trading can have equal chances of profiting.

As for disclosure, I do currently own NYX and have just written a report on where I see it moving in the coming months. For those interested click on my site attached with this note and click on the reports tab. It will take you to the report.

Richard W. Wendling

Sustaining the Breakout for S&P 500

GE is forming an inverted head and shoulders buying formation. It has just completed the right shoulder of the formation. I am expecting the stock to move well above the $20.00 level before all is said and done.

For more information on how I determined my price range and my latest free report on GE and other stocks follow the link on this note. It also explains how the specialist system manipulates not only stocks like GE but the entire market place to their benefit.

The information is free and hopefully useful to those who are interested in how the market really works.

Richard W. Wendling

Earnings Season Derby: And They're Off!

The specialists who run the NYSE use earnings to move their individual stocks for their profits. Those who follow the specialist system, while few in number, have profited handsomely from their hidden agenda movements.

I have posted new reports on four of those companies that specialists have manipulated for their own gain, AA, CHK, DD, and EMC on my web site.

Once one learns how the system works and how to read specialists intentions the average investor can become extremely wealthy on his investments by following their movements. Click on my site to read more about the system and certain stocks they are manipulating.

For point of interest, I am long all issues listed above.

Richard W. Wendling

5 Things the Market Needs Corporate Earnings to Show Now

AA should move both the DJIA and other markets higher. They have reduced costs, eliminated jobs, along with China and other developing markets now beginning to ramp up new orders. Add that to the fact that the specialist in charge of the stock has recently dropped the stocks price in order to make massive profits for himself at options expiration forcing him to accumulate a large inventory of stock in his trading account which he wants to sell at much higher prices and all of this bodes well for an advance in its price.

For those interested in my latest free report on where I see AA moving in the near term and further out click on my web page attached to this post. Click on the free reports tab and then read the information I have presented. As I said it costs you nothing except the time it takes to read the article.

You will also find information on the site as to how the specialist system works and forces investors to almost always be on the wrong end of the trade.

Richard W. Wendling