Lets learn how to create a share of stock ?!
Good afternoon Sherwood Forest
I hope you are all having pleasent times with your friends and family.
Labor day is upon us .
Webster's definition of Labor is 3. a] all wage-earning workers : distinguished from capital or management b] all manual workers whose work is characterized largely by physical exertion
What is most "leading" word in this definition ?
The answer is DISTINGUISH
Webster's definition of Distinguish 1. to seperate or mark off by differences; perceive or show difference in
God PLEASE bless all of Sherwood Forest's workers with great strength for what lies ahead .
Now lets hit our "trading desk"
-------------------------------
-Say Mr American worker calls his banker and says sell my 1,000 shares of Microsoft I need
to use that money because I just lost my job .
-Mr Banker then goes to sell Mr American workers shares
Step 1- He puts amount of shares in "box" [1,000]
Step 2 -He puts stock symbol being sold [MSFT]
Step 3 -He indentifies type of trade being made[long or short] and marks little box in center of sales ticket
TRADE IS MADE
Mr Banker now takes 1,000 shares out of Mr American workers portfolio and gives him the money he needs since he lost his job
Another trading desk on Wall Street
-------------------------------------
-Mr Banker gets call from his P.I.P.E "friends" and they have just told Mr Banker to FLOOD
the market with sell orders .
PROBLEM HERE
-Mr Banker actually doesn't have shares to sell since deal has not been made "public" yet.
-Mr Banker sells shares anyway to make his clients happy.
ONE QUESTION AMERICA ?
Remember step 3 in "our" trading desk ?
Then how does Mr Banker IDENTIFY trade ?
It can't be a long or short because shares DON'T EXIST !
See the definition of labor and GET TO WORK !
If these TRAITORS think that we will ALLOW this to continue they don't know us very well.
Start dialing
-------------
-Senate Banking Committee Chair Christopher Dodd 202-224-7391
-S.E.C Chairman Christopher Cox 202-551-2100
-Ex- Chair of Senate Banking Richard Shelby 202-224-5744[ he said we were crazy]
You see there REALLY is a difference between us and them . We care about our country and it's people.
THIS HAS BEEN A PUBLIC SERVICE ANNOUNCEMENT
-KNOW YOUR RIGHTS
-KNOWLEDGE IS POWER
-SPREAD THE WORD
-UNITE THE STATES
-DEFEND YOUR LIFE
Peace and love to all[except hedge funds]
your friend,
Darren
I hope you are all having pleasent times with your friends and family.
Labor day is upon us .
Webster's definition of Labor is 3. a] all wage-earning workers : distinguished from capital or management b] all manual workers whose work is characterized largely by physical exertion
What is most "leading" word in this definition ?
The answer is DISTINGUISH
Webster's definition of Distinguish 1. to seperate or mark off by differences; perceive or show difference in
God PLEASE bless all of Sherwood Forest's workers with great strength for what lies ahead .
Now lets hit our "trading desk"
-------------------------------
-Say Mr American worker calls his banker and says sell my 1,000 shares of Microsoft I need
to use that money because I just lost my job .
-Mr Banker then goes to sell Mr American workers shares
Step 1- He puts amount of shares in "box" [1,000]
Step 2 -He puts stock symbol being sold [MSFT]
Step 3 -He indentifies type of trade being made[long or short] and marks little box in center of sales ticket
TRADE IS MADE
Mr Banker now takes 1,000 shares out of Mr American workers portfolio and gives him the money he needs since he lost his job
Another trading desk on Wall Street
-------------------------------------
-Mr Banker gets call from his P.I.P.E "friends" and they have just told Mr Banker to FLOOD
the market with sell orders .
PROBLEM HERE
-Mr Banker actually doesn't have shares to sell since deal has not been made "public" yet.
-Mr Banker sells shares anyway to make his clients happy.
ONE QUESTION AMERICA ?
Remember step 3 in "our" trading desk ?
Then how does Mr Banker IDENTIFY trade ?
It can't be a long or short because shares DON'T EXIST !
See the definition of labor and GET TO WORK !
If these TRAITORS think that we will ALLOW this to continue they don't know us very well.
Start dialing
-------------
-Senate Banking Committee Chair Christopher Dodd 202-224-7391
-S.E.C Chairman Christopher Cox 202-551-2100
-Ex- Chair of Senate Banking Richard Shelby 202-224-5744[ he said we were crazy]
You see there REALLY is a difference between us and them . We care about our country and it's people.
THIS HAS BEEN A PUBLIC SERVICE ANNOUNCEMENT
-KNOW YOUR RIGHTS
-KNOWLEDGE IS POWER
-SPREAD THE WORD
-UNITE THE STATES
-DEFEND YOUR LIFE
Peace and love to all[except hedge funds]
your friend,
Darren
posted by Money 101 at 10:53 AM
16 Comments:
Back to this tired, old saw, Darren?
I can assure you that if you would ever bother to download and read a 10-Q or a 10-K on your favorite rat-trap stock, you'd find that every share they have issued and outstanding was put out there by their management.
Why do you keep supporting liars and crooks?
jimmy you just as crazy as I am. I hope you see that ?
Get to "basics"
If I sell a share to a stock's market I check "long" box on sell ticket, correct ?
Then if that trade goes to and through market and it DOESN'T EXIST ? Where is that ILLEGAL share "stored?"
You know the answer jimmy -SAY IT !
It is placed in mom&pop investor accounts.
It is placed in pension funds
It is placed in 401k's and IRA's
It is CRIPPLING this country
These people you call crooks and liars ? They are TRUE patriots of a country going "over the cliff"
Am I making sense to you yet ?
No, Darren, you're not making any sense. Fortunately, I have low expectations of you, so it's alright
What takes place away from these cesspool companies has nothing to do with what the companies' managements are doing to these companies. Let's take one of my favorite turd stocks that represents my second largest naked short position (for now): Overstock.com.
Let's suppose for a moment that you had a lot of money. I know, that's absurd, but just pretend for a minute. Let's furthermore suppose that you'd like to tie up a billion dollars in Overstock.com. Furthermore, let's suppose that I'd be willing to let you make that bet with me, even though there's only about 25 million shares of Overstock issued and outstanding.
If you and I engaged in a transaction that effectlively gave you exposure to twice Overstock's fundamental financial performance, would it in any way have an impact on the way Patrick Byrne mismanages his company?
you are a fool.
If I as an investor buy 1,000 shares of overstock I give banker check for 21k and they give me 1,000 shares of ostk stock
Is this a true statement
AND
Is this trade ever settled ?
Darren,
I close my naked short positions when I feel the securities are properly valued. But the timing of those closing transactions has nothing to do with what the managements of those companies are doing to investors. My being naked short Overstock isn't why Byrne lies about his EBITDA.
I don't know why you'd expect me to feel foolish, Darren. The past several years have been awesome. Look at Novastar and Overstock. And New Century and Thornburg Mortgage. And Bear Stearns and Lehman Brothers. (Lehman is my third largest naked short position right now. Watch them break $10.)
Wait until you see Overstock's 3Q numbers.
And you think I'm a fool?
How's all that Eagletech and Viragen stock treating you?
You let these crooks and liars rake you over the coals over and over, Darren. Why do you do that? Not only do you let them rip you off, but you actually ADMIRE them as they fuck you over. When will you ever learn?
I refuse to put up with bullshitters, Darren. When I find them, I always short them. And most of the time, I win. Big.
Darren, you are as fucking loonie as ever. And your insane rants on RB are being ignored by everyone.
You can't even get the Drunken troll to respond to you, and he is of your ilk! Except he is a drunk!
You can't even claim that as an excuse for your bizarre behavior!
What do you mean "you close naked short out when you believe properly valued ?"
YOU ONLY HAVE 13 DAYS MAX ?
Of course you win big always because that is illegal !!
Hank you are a moron at least jimmy can put up a fight
Darren,
There's no reason to close out a position that remains over-valued. That would just be stupid. You close it out after the rest of the world figures out the company is a train-wreck.
Darren,
You still haven't answered my question about your continuing to adore swindlers.
Why do you continue to worship people like Valinoti and Altomare? These two crooks have clearly ripped off their investors, yet you call them both "hero".
While Rod Young hasn't been convicted of anything, one look at Eagletech's financials makes it plain for all to see that he's a liar who used Eagletech as his own, personal piggy-bank.
And what about DeWayne, who's participated in several other pump'n'dump scams? Or Faulk, who penned a bogus book on "naked short selling", despite clear-cut evidence that the ONLY people responsible for the rip-off of CMKM Diamonds shareholders was her management and insiders?
And for that matter, what about you? You loudly urged people to buy Eagletech right before they got revoked. You have to admit, Darren, that was pretty crooked.
At least you don't seem to be actively scamming people anymore. But when are you going to stop admiring the other crooks and liars?
Darren, eat shit and die! You are pure sick POS!
hank you are a waste of life
jimmy it is LAW to close out positions overvalued or not
No, Darren, it is not a law. It is a petty regulation for those trades executed within the purview of a FINRA-registered (or other SRO-member) broker/dealer.
There is no law which stipulates that my transactions must be executed through any of those broker/dealers.
Why do you keep dodging my question about the crooks and liars working the "naked short seller" scam? Is there still any doubt in your mind about Altomare being a crook? Do you still deny that Eagletech was nothing but a pump'n'dump?
You seemed to know that CMKM Diamonds was a scam. DeWayne knew long before they got revoked that CMKM Diamonds was a scam, too.
Do you think its admirable that DeWayne stood by, not saying a word to anyone but me, while tens of thousands of people got ripped off?
Tell me you're not really that sick, Darren. Are you?
jimmy you cannot make the rules yourself.
order cannot stay open indefinately
LAWS ARE LAWS
Just because you work with a hedge fund doesnt exempt you from following laws
Explain Sec 17a of 33-34 Securities Act for our viewers
Darren,
17a focuses mostly on books and records requirements of registered broker/dealers and has nothing to do with naked short selling.
Why do you continue with these nonsensical diversions? Is it because you don't have the guts to take a long, hard look at people like Altomare, Reeves, Faulk, Burrell, Young, and Valinoti and see them for the scum they really are?
guts is all I have jimmy.
So as far as you are concerned all trades can go unsettled ?
So as far as your concerned markets can trade in excess of their "float ?"
You are under this weird conclusion that I "follow" Burrell,Faulk,Young,Altomare ?
As I see it I am just one of the MANY Americans with many questions about how stocks settle.
You need to plan a new approach here jimmy because you are fighting a losing battle
So if it is fine for you to settle your transactions whenever you feel like ? Can the rest of America do the same ?
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