Canbyte

The Cramer Uptick Rule Petition

If you don’t like naked shorting, you have to cut the grass it hides in. All shorts start off naked – time between short sale and stock is loaned. All shorting should be abolished – it is dishonest, duplicative and destructive. Contrary to what the commissioned industry would have you believe, it is also unnecessary as the 8 month ban proved (we lived without it for 8 months, the world did not end). Markets were intended to create wealth, shorters are bent on destruction with the wealth transferred to them. If you agree all shorting should be abolished, spend a moment at

www.petitiononline.com...

Financial Sector: What Good Is It Anyway?

CDO markets, the tech/dotcom boom that was driven by phony financials, or just good old-fashioned capital markets racketeering (some call it investment banking).

Please add shorting/ naked shorting to Bill Herbert's list. The duplicative effect is almost unknown, the regulatory environment deteriorated, the destructive effect denied and the data involved (faulty to begin with) kept semi-hidden.

Folks should make their voices heard here:

www.petitiononline.com...

Why 'Buy and Hold' Isn't Dead

What a ridiculous article (and mostly ridiculous comments - with the exception of Past tense's & Bruce's).

Setting up a strawman with words such as always, forever, never and knocking it down with such a facile argument is really stupid. Commenters did not get this, their responses fell into various traps.

Well, buy and hold is, at this point in time, an extremely risky strategy if your time frame is 1 or 2 decades. Until something changes, dead is a good descriptor.

One change that is needed is to understand the manipulative and dishonest effect of shorting (legal, illegal) which is almost impossible to factor into buy (and hold) decisions, at least for ordinary investors. Duplicative effects cause AND exacerbate price declines and increases in float that is not reported/understood. Here is a website that explains this in more detail.

www.stopshortingstocks.../

I believe Bruce is referring to the DTCC. More folks should understand what is going on behind their backs.

Intriguing video on illegal naked short selling, and the SEC's alleged indifference to this form of market manipulation. (via)

Lets do something about this outrage. Five minutes of your time!:

www.petitiononline.com...

background & links
www.stopshortingstocks.../

Short-Selling Hedge Funds Started the Fire

Shoot all shorters, let God sort them out - to paraphrase a well known quote - expresses my sentiments exactly. Add your voice:
www.petitiononline.com...

This Rally Is Sustainable

His disclosure tells you what he really thinks! Just another momo player trying to get YOU to be the next sucker.

Biting the Hedge Fund Hand That Could Save the Economy

A pox on hedge funds. Hedge funds hedge! Hedge (v): to go long and short simultaneously ie TM long and short GM. Given that hedgies are/were 25% of the market you can see that this hedging automatically creates huge inventories of duplicate (shorted) shares. Did anyone ask to borrow your shares?

Learn more - click on my website which links to a petition to abolish shorting and to discussion sites etc.

So Much for Shorting the Markets

Aaargghh, short sellers. When will we/they come to our senses, one by one about the true destructiveness of this dishonest practice. Indeed, look at how TWS turns the tables on truth, setting it on its head: "the government restricted short selling of 799 ..... this sort of manipulation ...." Whoa! Regulation is Manipulation? Hey, shorting is a self fulfilling manipulation, a dishonest manipulation in which shares are duplicated by "borrowing" without asking and selling without having (or telling).

Learn more at www.stopshortingstocks...
Follow links to petition asking for abolition of shorting manipulation.

The Worst Case Scenario (Someone Has to Say It)

Its about time someone made the case against shorting - "and will vastly expand the scope of its short-selling prohibitions—eventually banning short-selling altogether." Couldn't agree more. Please encourage such thinking at:
www.stopshortingstocks.../
www.petitiononline.com...
finance.groups.yahoo.c.../

$200 Oil Is Coming While We Waste a Perfectly Good Crisis (Part 3)

Great article, mostly great comments. My 2cents:
* stop building suburbs, renovate inner cities = no need for hybrids
* stop taxing rail lines or start taxing highways to get the trucks off the roads
* stop using "free" natgas to make dirty oil. Our cities need this distributable clean fuel.
* make more garbage power (get your masks on) from what recycling doesn't.
* accept lower living standards, courtesy corrupt banksters (but hang the crooks) = less oil demand
* rein in military industrial complex before they take over or destroy everything including civilization for their new world order.
* forget solar (except cheap solar) for a decade or so.
Jimho

PC Demand: No Recovery in Sight, Netbooks a Bright Spot

This PC tech thing has gone far enough. Few people need more computing power than the Apollo moon mission. Just encourages MS bloatware. Get off the bus, use smaller, friendly Linux distros (Ubuntu, Puppy) on old/ small machines. Only reason for a new box now is to save energy with one of those small micro boxes that only uses 5 watts or so (but let the price drop first.) Forget any investment in this sector.

Will the Deflationist vs. Inflationist Debate End Soon?

Since "you can't take it with you", the boomers are finally at the point where they do not need to buy anything (other than food etc.) We will be downsizing for the next 20 years, generating a huge supply of surplus stuff that can meet the needs of our kids. Depression will make this a necessity, despite fashion concerns etc. Only the ultimate destruction (of war) or the entrenching of the status quo (as slavery) will "resolve" and purge the system of dishonesty that spawns a shadowstats.com. That such disgusting scenarios are foreseeable is testament to our stupidity/ apathy/ avarice/ myopia/ hypocrisy/ forgetfulness. Despite our crocodile tears, to date, nothing has been actually fixed so as to avert this horrible scenario.

Is Norilsk Really Selling Its SWC Stake?

I certainly like the way you take your lumps and work to get past it. As for the low prices, I think we should start looking at the short side as being the culprit. Immoral shorts create fictional duplicates of anything they short, including futures. Abolish shorting now.

www.deepcapture.com/

Proposed 0.25% Trading Fee Per Transaction - A Bad Idea

Not a bad idea. Too many people trying to leech wealth instead of creating it. Lee has no insight except to maintain status quo despite obvious problems resulting.

What's Happening In the Related - To - Home - Building Space

BBN above seems right on the money -- thanks for that since Cramer had got me all excited (or at least curious) the other day about this sector. Technically then, this would be a DCB (dead cat bounce)!!!