shareholdersunite.com

The tables are turned, for once. Could be the mother of all short-squeezes. The crying wolf of the victims is especially noteworthy. Shorting, by legal or illegal means, can really create havoc on companies, some examples:

AIG (according to Jim Cramer)
Morgan Stanley (according to Mark Mitchell)
STT (according to Jim Cramer)
InterOil (figures from Buyins.net)
Washington Mutual (according to […]

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We’ve argued before that the SEC is completely useless in stopping naked short-selling, even if it is at least partly responsible for the troubles of the financial system.

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Will the amended rule 204T once and for all kill the nefarious practice of naked short-selling? Well.. at least the SEC admits there is a huge problem, that’s a start. The jury is out whether the new “interim final temporary rule” will work and the persistent problem of large quantities of undelivered shares will be […]

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Jim Cramer knows how to play the game, he was one of the hedge fund managers. He also knows how to stop them. The (originally British) plan goes beyond restoring confidence in banks, it also breaks some very nasty practices the shorts have played against financial institutions.

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These people are basically criminals, but they get the Royal treatment from CNBC..

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These figures come from buyins.net. We have been granted permission to publish them (many thanks Buyins.net!) Buyins get their figures directly from the SEC. It is a figure of shame. Deep shame. The SEC has come up with new rules against naked shorting, but they don’t even enforce their old rules. The figure below is […]

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The SEC has clamped down on short selling of almost a thousand financial (and two non-financial) companies, but the real crime is naked short selling, selling shares that haven’t even been borrowed, and hence cannot be delivered and thus create ‘delivery problems.’

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Shorting shares is becoming more difficult with the SEC waking up from a long stupor and lending shares being hampered. From the WSJ.

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The plot thickens. We could soon know which funds are short in InterOil. They are likely to be the same that have sold 3.6M shares nakedly short. We might not get an end to that soon, but at least we’ll know who they are.

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Dr. Patrick Byrne, CEO of Overstock has had more than his fair share of naked shorting. But this is not a guy who lays down and takes it, he fights back, started the excellent deepcapture.com website, the best background information on naked shorting on the web. Here, the story of an editorial he wrote years […]

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