Lets try to understand the banishment of the "uptick-rules!"
Good morning Brooklyn
and
Good morning World
------------------------------
This law MUST be set in place for "orderly" markets.
THEN WHY THE F-CK DID OUR "protectors" at the SEC BANISH IT ??
This is very simple economics .
Lets use Lehman Brothers[LEH] as an example- Today their BID is $43.77 and their ASK is
$43.82
Now if you own stock[long position] and you want to sell, you would sell at the BID. If you
wanted to buy more stock you would have to buy at the ASK.
THIS IS HOW IT WORKS IN A REGULATED WORLD-
Now lets look in the dark corners of Wall Street's UNREGULATED world.
--------------------------------------------------------------------------
If you are a "short seller" by law you would have to BUY stock in order to sell it to a
"third party." This means if buys are executed at ASK and sells are executed at BIDS
this short sellers MUST buy Lehman Brothers at ASK price which is $43.82. Then they
can sell it to third party and buy law the shorts MUST cover[buy back] shares in future.
A year ago these EVILS at the SEC banished the "uptick rule." This is just complicated
language for buying stock in a regulated world.
So if the short sellers can now eliminate the higher costs of buying at ASK price they can
"hit the BID" and continue to hit it all session long. This will cause stock price to plummet
and "real longs" may get MARGIN CALLS and be forced to sell. OR prices may be falling
so quickly stock holders of Lehman Brothers get "spooked" and sell into this panic.
Mr Webster's definition of PLUMMET is-"3. a thing that weighs heavily, to fall straight
downward.
Sounds familiar doesn't it ? Just look at what happened with Bear Sterns[BSC] in one week. It
went from $67.39 to $3.84. So I guess it is safe to say the stock PLUMMETED ??
So if a short sellers can buy stock at BID and sell it to third party at ASK they are
automatically "in the money." They can continue to hit BID as price PLUMMETS and
they have also found ways around system to sell not only "real shares" but counterfeit
shares as well. This is most commonly known as "naked short selling." So if they are allowed
to sell these COUNTERFEIT shares , how can they ever buy them back ? They don't exist
so it is VERY important to the shorts that stock continues to PLUMMET ! They need to
keep their ILLEGAL ACTS in those dark corners of Wall Street.
WHY IS SEC HELPING DESTROY AMERICAN COMPANIES LIKE BEAR STERNS ??
Sorry mom and pop investors you CANNOT trade stocks this way. You have rules and
regulations you must follow.
DOES THIS SOUND FAIR TO YOU ??
A 5th grader can see the obvious WRONG here. Why does the SEC allow short sellers
to engage in this OBVIOUS theft ??
Ask them yourself
-------------------
-call your senator and say-SETTLE THE DAMN MARKETS
-call your newspapers and say-SETTLE THE DAMN MARKETS
-call your congressperson and say-SETTLE THE DAMN MARKETS
-call white house and tell master george AGAIN-" GOD DOESN'T APPROVE OF STEALING"
Please MAKE THOSE CALLS !!!
We cannot have another bank FAIL because of the GREED of notorious short sellers !!
Tomorrow we will talk about the Federal Reserve Bank and how they assist these
notorious short sellers.
I really hope my cancer kills me soon because seeing this crime hurts me deeply. It
hurts because I see our "elected" officials assisting these financial TERRORISTS and
there is NOTHING I can do about it.
Now lets relax with a song that relates to this matter
http://www.youtube.com/watch?v=-sbqIyeed4g&feature=related
How much more of your American Dream will you ALLOW these PIGS to STEAL ??
THIS HAS BEEN A PUBLIC SERVICE ANNOUNCEMENT
-KNOW YOUR RIGHTS
-KNOWLEDGE IS POWER
-SPREAD THE WORD
-UNITE THE STATES
Peace and love to Main Street
your friend,
Darren
and
Good morning World
------------------------------
This law MUST be set in place for "orderly" markets.
THEN WHY THE F-CK DID OUR "protectors" at the SEC BANISH IT ??
This is very simple economics .
Lets use Lehman Brothers[LEH] as an example- Today their BID is $43.77 and their ASK is
$43.82
Now if you own stock[long position] and you want to sell, you would sell at the BID. If you
wanted to buy more stock you would have to buy at the ASK.
THIS IS HOW IT WORKS IN A REGULATED WORLD-
Now lets look in the dark corners of Wall Street's UNREGULATED world.
--------------------------------------------------------------------------
If you are a "short seller" by law you would have to BUY stock in order to sell it to a
"third party." This means if buys are executed at ASK and sells are executed at BIDS
this short sellers MUST buy Lehman Brothers at ASK price which is $43.82. Then they
can sell it to third party and buy law the shorts MUST cover[buy back] shares in future.
A year ago these EVILS at the SEC banished the "uptick rule." This is just complicated
language for buying stock in a regulated world.
So if the short sellers can now eliminate the higher costs of buying at ASK price they can
"hit the BID" and continue to hit it all session long. This will cause stock price to plummet
and "real longs" may get MARGIN CALLS and be forced to sell. OR prices may be falling
so quickly stock holders of Lehman Brothers get "spooked" and sell into this panic.
Mr Webster's definition of PLUMMET is-"3. a thing that weighs heavily, to fall straight
downward.
Sounds familiar doesn't it ? Just look at what happened with Bear Sterns[BSC] in one week. It
went from $67.39 to $3.84. So I guess it is safe to say the stock PLUMMETED ??
So if a short sellers can buy stock at BID and sell it to third party at ASK they are
automatically "in the money." They can continue to hit BID as price PLUMMETS and
they have also found ways around system to sell not only "real shares" but counterfeit
shares as well. This is most commonly known as "naked short selling." So if they are allowed
to sell these COUNTERFEIT shares , how can they ever buy them back ? They don't exist
so it is VERY important to the shorts that stock continues to PLUMMET ! They need to
keep their ILLEGAL ACTS in those dark corners of Wall Street.
WHY IS SEC HELPING DESTROY AMERICAN COMPANIES LIKE BEAR STERNS ??
Sorry mom and pop investors you CANNOT trade stocks this way. You have rules and
regulations you must follow.
DOES THIS SOUND FAIR TO YOU ??
A 5th grader can see the obvious WRONG here. Why does the SEC allow short sellers
to engage in this OBVIOUS theft ??
Ask them yourself
-------------------
-call your senator and say-SETTLE THE DAMN MARKETS
-call your newspapers and say-SETTLE THE DAMN MARKETS
-call your congressperson and say-SETTLE THE DAMN MARKETS
-call white house and tell master george AGAIN-" GOD DOESN'T APPROVE OF STEALING"
Please MAKE THOSE CALLS !!!
We cannot have another bank FAIL because of the GREED of notorious short sellers !!
Tomorrow we will talk about the Federal Reserve Bank and how they assist these
notorious short sellers.
I really hope my cancer kills me soon because seeing this crime hurts me deeply. It
hurts because I see our "elected" officials assisting these financial TERRORISTS and
there is NOTHING I can do about it.
Now lets relax with a song that relates to this matter
http://www.youtube.com/watch?v=-sbqIyeed4g&feature=related
How much more of your American Dream will you ALLOW these PIGS to STEAL ??
THIS HAS BEEN A PUBLIC SERVICE ANNOUNCEMENT
-KNOW YOUR RIGHTS
-KNOWLEDGE IS POWER
-SPREAD THE WORD
-UNITE THE STATES
Peace and love to Main Street
your friend,
Darren
posted by Money 101 at 12:06 PM
5 Comments:
Bears Stearns' and Lehman's problems have nothing to do with the uptick rule and everything to do with holding leveraged portfolios of worthless mortgage-backed securities.
I thought you told me once you passed the Series 7, Darren. If you somehow passed the 7, how is it you're so obtuse about finance?
WOW LOOK WHO'S BACK ??
Bear Sterns Global Clearing Corp-
ever here of them jimmy ?
doesn't Lehman clear their stock
trades through Bear Sterns Global
Clearing jimmy ?
I don't want to wait too long for your answer and welcome to your
"waterloo"
Yes, Darren, I know ALL about Bear Stearns' clearing operations. This makes your whining about Bear Stearns all the more peculiar. They are one of the biggest prime brokers serving the hedge fund community.
I'd think you'd be ecstatic that they got hammered. These guys are the hedge fund enablers.
Oh, and this was not, and is not, my Waterloo. I was loaded to the gills with Bear Stearns puts.
I'm not so heavily loaded with Lehman puts; I think there's a chance they might survive. But I did manage to pick some up on the cheap this week.
Ever look at Lehman's balance sheet, Darren? It's a train wreck in the making. So don't be surprised if they end up getting flushed, too.
Hey jimmy I guess you are also applauding the Milberg,Weiss ruling ? 33 months for laundering
255 mill and witness tampering ??
Also Since JP Morgan does most of their clearing through BEAR sTERNS
if company went to auction all the
fails would have been noticed.
right or wrong ?
Milberg, Weiss doesn't concern me in the least, Darren. I'm an investor, not a litigator.
As for Bear Stearns, any naked short selling they might have done will remain on their books and be inherited by JP Morgan. So what?
It's not any naked short selling that Bear Stearns might have done that burned them and they don't find themselves in their current condition as a result of anyone else naked short selling their shares. They bet wrong on real estate, leveraged those bets, and got wiped out.
That's always a sure-fire formula for corporate death.
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