jack matalka

As WaMu, Wachovia Ready Earnings, Comparisons to Wells, USB Are Telling

Guilt by association is the theme in this article. No supporting facts.
WB and WM moved up the past week due to the big banks reports and they will suffer because of anticipated write downs by WB. Not a single fact about WM except the mentioned of it with either BA or WB by association and implication. This article is no different than the stuff written by the naked shorters when rumors flew.
This is another form of this sham. Guilt by association. bad, yes. as bad as you imply, NO.

What Pushed the SEC to Tighten the Rules - Now?

Short borrowing and trading is okay for me so long as the borrowing is approved by the owner of the stock being borrowed. The rules today allows for the market maker/brokers to assume that they can borrow the stock and short it as many times as they wish without approval from the owner. I like to see explicit written agreement indicating that the owner allows this to happen. Maybe actually paying the owner for use of his stock in that fashion.

What Pushed the SEC to Tighten the Rules - Now?

SEC Naked Shorts(NK) rules prohibit shorting unless there is an uptick in stock being gang raped by hedge funds. The uptick suggests buy activity of this same stock. Meaning the NKs must cover there NK positions since the underlying borrowed stock no longer existed (changed owner) at their broker/bank market maker. If this is not happening (can be easily verified by SEC investigators), and the NKs are benefiting from both end of the trades, Then a conspiracy to defraud is in the making as well as a breach of inside trading rules. Lets put an end to this activity by finding the perpetrators and show them no mercy.