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Zecco.com » Top ZeccoShare Holdings » Other Symbols » Naked Shorts?
Last post 05-03-2008, 1:10 AM by FarmboyNate. 4 replies.
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  •  01-17-2008, 2:04 PM 21814

    Naked Shorts?

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    How can the illegal practice of naked shorting and the destruction of good companies and their stocks be stopped? It has happened too many times to us little guys and the regulators who are supposed to stop it will do nothing. Just look at this one, TXI, which has great numbers all around except for the thing that stands out on their key statistics is the short ratio. How can a company that has not lost market share but gained it and been upgraded as little as a week ago and have year over year revenue growth and earnings and profit(something unheard of it seems these days in large cap companies) at such high levels be taking such a nose dive over the last week? I think it is due to the illegal practice of "naked shorting". Why is this practice so difficult to stop and why does it affect a company so negatively? For the answers to these and many others about shorts and how you can maybe prepare yourself to avoid a bad shot in an investment you might be considering, go check out the website http://www.buyins.net. The guy who started the website got hit hard by the naked shorts and got mad and won his fight against the criminals doing it. There are lists of stocks there being manipulated and stories from other companies like http://Overstock.com whos owners have watched their share value drop because of the practice and the stranglehold it has put on his company. http://www.buyins.net/ is a link to a consice and very informative paper on what short selling and naked short selling is and how it can affect you and your investments in securities. I own TXI stock and have been hit hard by the shorts manipulation. Hope no one else got burned but I know many have on many stocks. I am not saying quit investing in the stock market, I just wanted to give my fellow Zecco-ites another resource of information I have found and have found useful. There is a lot better explanation and people at the site referenced here than I can give or would ever want to type. So that being said I leave the rest to your own research.
    Eliminate tax corruption. Support the FairTax and know freedom and liberty as intended by our forefathers. Make April 15th just another spring day. Get big brother out of your finances. All debts public or private. FairTax.org for details.

  •  03-28-2008, 12:42 AM 25893 in reply to 21814

    Re: Naked Shorts?

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    Wow. That paper is really good about short selling and the naked shorts. Also a great overview of how this amazing electronic system came into existence and how it all works together. I knew it went electronic sometime in the 70s but not the details of the orgs like DTCC and DTC, how they are related, etc.

    Thanks!

  •  05-02-2008, 11:00 PM 28372 in reply to 25893

    Re: Naked Shorts?

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    Sorry, but if there were a technology that could 'magically' show all naked shorting the SEC would be using it already, and it wouldn't cost $9.95 a month plus $1 per stock 'squeeze trigger' quote. Or Soros would be using it secretly and making more than the 30% he already turns in every year.

    The whole buyins.net site screams MONEYMAKING SCAM at a hundred decibels. 'Enter the ticker symbol and see how much Squeeze Trigger could have made YOU!"... greed and gullibility, the same thing every scam preys on.

    It's not a 'service to combat naked shorting,' it's a service to enable them to get $10 a month out of gullible people like us who want to think we can make hundreds of times our initial investment with their "extraordinarily accurate SqueezeTrigger data".

    I hope you haven't paid them for their magic data yet... or maybe they could give you one free trial, and if you actually see a short squeeze they predicted play out, then you can sign up and pay them and know you're getting something of value.

    As it is, I've read a bit about naked shorting at Investopedia and it's a real phenomenon, but I don't think any particular website can 'identify' it and when 'buy-in' will be 'forced'. That 'Phantom Shares Menace' article hosted on Cato (http://www.cato.org/ says that buyins are only forced less than 1% of the time.

    All in all, it looks like a scam to get people to sign up for a worthless 'service.' The last nail in the coffin of their 'service' is that there are no webpages or articles about their 'miraculous' technology... except press releases and 'alerts' issued by Buyins.net itself.

    Bottom line: SCAM. :)

  •  05-02-2008, 11:03 PM 28374 in reply to 21814

    Re: Naked Shorts?

    Reply Quote
    Sorry, my friend, but it appears you've been taken in by another scam like the doublingstocks.com one. Might want to try to get your money back if you've paid them already. I'm going to report the site to the SEC myself and see if they do anything about it.

  •  05-03-2008, 1:10 AM 28377 in reply to 28374

    Re: Naked Shorts?

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    I also bought in to a stock of a  company that as starting to make good cash flow and their price kept falling day after day
    and I couldn't figure out why then I found out they have been on the naked short list  or something for 3 months now  I found out at pinksheets.com
    really anoying  they are going to drive the company in to the ground          Wish there were people stoping this...........
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