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why did they repeat the article??
sounds like J.S.
jb...."In December 2006, Mad Money host Jim Cramer used Pisani as an example of an easily manipulated reporter used by hedge fund managers to spread false statements about a company in order to illegally drive the stock price down. Cramer said, "It’s really important to get the Pisanis of the world and people talking about it as if there is something wrong..." Cramer has since apologized."
jb the mms are using the sec action to take advantage of the situation..look how DJ re-ran the same article today..more negative news to provide cover for the manipulative activity!!
jmho
funny how dow jones re-runs the same article and re-distributes it again thru broker networks!! what a joke of a attempt to create fear!!! jmho
the grandfather clause gave them 2 1/2 years to cover up their crimes!! the grandfather was a illegal action taken by the sec to protect the market and allow them time to cover up the crimes committed!! imo
so you expose a few scams..big deal!! why didnt you expose ENRON??
WORLDCOMM???
TYCO???
REFCO??
clerical errors?? why did the sec fine hedge funds for naked shorts THRU CANADA if they were clerical errors AS SHE CLAIMS?
janice prove naked shorts dont exist?? you cant!! you denied their existance..until the sec created REG SHO!! nobody knows how many fails existed prior to 2005..you surely dont know!! without all the trading data and facts..you continue to act as if naked shorts dont exist!!
janice prove naked shorts dont exist?? you cant!! you denied their existance..until the sec created REG SHO!! nobody knows hoe many fails existed prior to 2005
virg this individual denied the existance of naked short sales, but im sure she knew exactly how they were executing these thru CANADA....where the sec has exposed several hedge funds for manipulating stocks thru naked short sales..you ask her they dont exist...thats why she has ZERO credibility imo!!
janice never invested in cmkx, get to bed your posts are getting as stale!!!
just about every article written supports the efforts of short sellers that i have read!! imo
virg...exactly..what will janice do with her life when naked shorts are exposed??????
JANICE>> do you recieve any compensation for your efforts posting on message boards??
harvey how else would these bashers make a living once the sec admits naked short selling destroyes thousands of companies...hundreds of thousands of shareholders..counterfeiting billions of $$$$$$$$$$??
janice do you recieve any compensation for your efforts posting on message boards??
janice what facts do you have that the jury did not?? are you a lawyer?? were you present?? more hearsay coming from you!! next
janice the jury shall decide not your 40k bash posts!!
janice wrote.."He'll never see a penny from them because they're broke"
SO WHY DIDNT THE SEC STEP UP AND PUNISH THESE INDIVIDUALS FOR THEIR INVOLVEMENT IN NAKED SHORT SELLING??
janice so what you are saying is that the crooks who were found guilty by a JURY....should not be held accountable for their actions involving NAKED SHORT SELLING???
janice why did the jury award usxp $700 million judgement re: naked short selling that date back to 1998??
grandfather naked shorts need to be closed out by when?? why else would the sec step up their efforts lately??
usxp awarded $700 million judgements re: naked short selling by jury and reporter fails to mention it...why??????
carols article left out this critical info that dates back to 1998...why??????????$389 million judgement???????
$389 Million Dollar Jury Award to Universal Express — USXP —
Business Wire, July 26, 2001
Business Editors
NEW YORK--(BUSINESS WIRE)--July 26, 2001
Univeral Express, Inc. (OTC:USXP), announced that a jury in the Circuit Court, Dade County, Florida, yesterday awarded USXP a damage verdict after trial of $389 million dollars ($389,000,000) against Select Capital, Ronald G. Williams and Walter S. Kolker for fraud and conversion for failure to honor previous funding commitments and stock manipulation.
"We are very grateful to the Dade County jury for vindicating our rights and recognizing the substantial scope and value of our company," stated Richard A. Altomare, President and CEO of USXP.
Related Results: universal express judgement
Universal Express — USXP
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"This judgment is final and non-appealable. The company's trial counsel, Arthur W. Tifford, a prominent Miami attorney, will now take the necessary steps toward collection. Tifford has collected judgment monies against these defendants in a number of other cases," said Chris Gunderson, General Counsel of the company.
"On one level, it is gratifying to have a judicial system validate what we have been saying since 1998. On another level, collectibility is huge and now we are able to introduce professionals to trace the paper trail for collusion, damage culpability and offshore accounts. This might bring some compliance officers and insurance companies into this issue of collectibility. We will now allow the professionals to collect. We have done what we said we would do in 1998 and more," concluded Altomare.
Advertisement
Universal (USXP) operates several other subsidiaries in logistics (Luggage Express(TM)) and International shipping (WorldPost). Its association of private postal store (PBC) provides various support services and numerous other programs to its members.
Visit Universal Express and its subsidiaries on the web at http://www.usxp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risk detailed from time to time in the company's filing with the Securities and Exchange Commission.
COPYRIGHT 2001 Business Wire
COPYRIGHT 2001 Gale Group
STOCKGATE TODAY...SEC Violates Own Policies Regarding Accuracy in Public Releases - June 25, 2007
David Patch
Think of it this way, SarBox was created over the vast concerns regarding the accuracy of public filings by America’s public corporations. SarBox is the scapegoat for the declining interest in bringing public companies to the US Capital Markets and SarBox is the lightning rod in the debate over the rising costs of public filings.
But SarBox remains in its released state because accuracy is the cornerstone in maintaining safety in the US capital markets. And it is the responsibility of the Securities and Exchange Commission to insure that what is filed publicly does not contain omissions or misrepresentations that could otherwise impact those who invest in these securities.
Accuracy in the dissemination of information to the public equals safe capital markets and high investor confidence.
Such principles in business practices and laws do not appear to carry over to the SEC who is also responsible for disseminating critical information to the public. In fact, it would appear that the SEC would purposely mislead the public to better serve a political agenda. This past month they were caught doing exactly that.
During a public proposal for short sale reforms to regulation SHO the SEC provided an inside look at some analysis conducted by the Office of Economic Affairs (OEA) regarding the performance of Regulation SHO. The OEA did not provide the raw data so much as the conclusions drawn by the department.
Their conclusions; SHO was working and that the daily aggregate level of trade settlement failures had been reduced by 34% after the effective date for SHO. Chairman Cox, in a June 13, 2007 speech during the open public hearings for the proposed reforms again stated, “Preliminary data indicate that Regulation SHO appears to be significantly reducing fails to deliver without disruption to the markets.”
Okay, so here you are monitoring this particular issue and you read the SEC reports and listen to the Chairman address the public and all the conclusions are, SHO is working. We don’t see the raw data so the Commission expects the public to take their word at face value.
If only there were laws against the SEC for misleading the public.
Based on the raw data received directly from the SEC under the Freedom of Information Act, we can now emphatically conclude that the SEC lied to the public. The SEC acted upon a political agenda intended to downplay the problem of abusive settlement failures and in their course of action they lied to the public.
Unlike the SEC OEA, who clearly made the data fit the conclusions drawn, I decided to take the novel approach of analyzing the data first and then draw conclusions based on the results. My conclusions were 180-degrees from those drawn by our Federal regulator. SHO is not only not working; settlement failures are getting worse and not better.
Want some raw data to support the conclusions?
Using averages is a dangerous tool to use when calculating performances but averages must be used here to prove my point. Since averages are dangerous to use, I will use several methods and timescales of averages to account for the associated variables of a volatile market.
SHO became effective on June 3, 2005 and the first SHO companies were published on the eve of January 7, 2005. The first trade day under SHO, with a threshold security identified, was January 10, 2005.
The daily average aggregate fail to deliver across all markets for the month of January 2005 was 638 Million shares. Based on the FOIA information received that spanned January 1, 2005 to March daily average aggregate fail to deliver across all markets for the month of February 2007 was 850 Million shares. This represents a 33% increase in fails after 25 months.
Since January 2006 there have been 6 months were the daily average aggregate fail to deliver exceeded the levels seen in January 2005.
In the months of April 2004 thru December 31, 2004 there was exactly one day in which the reported aggregate fail to deliver exceeded 1 Billion shares and that was in December. Since January 1, 2005 there has been 10 days where the aggregate fail to deliver exceeded 1 Billion shares.
Looking at this a little differently, the daily average aggregate fail to deliver across all markets for the entire year of 2005 was 414 Million shares. Compare this to the daily average aggregate fail to deliver across all markets for the entire year of 2006 being 550 Million. This again represents a 33% increase year over year in average daily fails. For the first few months in 2007 the daily average aggregate fail to deliver is at 629 Million shares.
Lets break it down yet another way.
Looking at the first five trading days of January 2005, the first five days before the publication of a threshold security list, the daily average aggregate fail to deliver was 524 Million shares. The last five trading days under this FOIA request represent the first few trading days in March 2007. The daily average aggregate fail to deliver over those 5 days was 614 Million shares. These 5 days in March traded with 17% more fails in the system that the first 5 days of SHO’s existence.
Did I miss an angle? Did the SEC publicly claim, in filings and in public speeches that SHO was working to reduce fails in the system? Can the agency provide the analysis that was used in coming to their conclusions?
I had submitted a FOIA request long ago seeking exactly that, the raw data used in generating the conclusions drawn by this agency but that data has not yet appeared in my mailbox. Like most FOIA requests to the SEC the data is slow to arrive if ever. While companies are required by law to file financials quarterly or run the risk of being de-listed the SEC takes the stance that they have no requirement for timely response to legal FOIA filings.
Tomorrow the SEC Chairman and Commission staff will testify before the House Financial Services Committee. It will be interesting to see if the Commission staff are willing to testify before that committee, under oath, and present the omissions and misrepresentations they have presented to the public. I tend to believe that after the last time SEC members spoke before a Congressional committee, and the committee was less than pleased with the conflicting stories presented regarding the Aguirre firing, that this Committee may become less tolerant of perjury.
wonder where whistles got his info from?? notice his location vancouver bc!! notice what boards he frequents!! who he associates with online!!
is it true the company can only buyback 10% of daily volume??
does this explain the 220 million pre-market volume?? based on 10% of yest volume???
must watch re: naked shorting..http://www.cnbc.com/id/15840232?video=306843899
have whistle watch this about naked short selling
must watch re: naked shorting..http://www.cnbc.com/id/15840232?video=306843899
send me a SULJA 2X4 while you are at it!!!
user for someone who is not involved in the lawsuit you sure spend plenty of time discussing DRAGO and SULJA!!
just wondering how many hedge funds shorted sljb?? if so..are they counting on this drago suit??
user what were dragos damages?? what were the total damages of the CLASS ACTION PLANTIFFS represented by his attorney??
1mill..you just scared the living SULJA 2x4 outta me
Time & Sales
Price Size Exch Time
0.022 411 OTO 15:59:31
0.02 30000 OTO 15:58:57
0.019 50000 OTO 15:58:55
0.02 70000 OTO 15:48:17
0.019 50000 OTO 15:48:08
0.019 99900 OTO 15:45:18
0.02 100 OTO 15:44:46
0.022 6622 OTO 15:30:25
0.022 59829 OTO 15:30:03
0.022 50000 OTO 15:29:56
0.022 50000 OTO 15:29:53
0.021 24025 OTO 15:26:50
0.02 19900 OTO 15:00:27
0.02 100 OTO 15:00:05
0.02 40000 OTO 14:41:42
0.02 15000 OTO 14:26:03
0.022 29900 OTO 13:43:34
0.022 100 OTO 13:43:28
0.021 25000 OTO 13:00:50
0.019 10300 OTO 12:56:29
0.023 10000 OTO 12:54:58
0.019 4000 OTO 12:32:25
0.019 45000 OTO 12:20:48
0.023 10000 OTO 12:05:15
0.021 975 OTO 11:31:49
0.019 50000 OTO 11:28:20
0.02 20000 OTO 11:28:20
0.02 20000 OTO 11:28:20
0.02 10000 OTO 11:24:30
0.019 10000 OTO 11:24:30
Price Indicators
Moving Average Indicators
15 Day Trend Bullish
45 Day Trend Bullish
100 Day Trend Bearish
MT Moving Avg Crossover N/A
LT Moving Avg Crossover N/A
Volatility Indicators
Abnormal Activity Today? None
Volatility Index Today Medium
Volatility Index Yesterday Medium
10 Day Volatility Decr
20 Day Volatility Decr
40 Day Volatility Incr
Price Relativity
From 40 Day High 88% From 40 Day Low 393%
From 80 Day High 88% From 80 Day Low 564%
From 150 Day High 13% From 150 Day Low 564%
Support/Resistance
5 Day Support $0.02 5 Day Resistance $0.03
15 Day Support $0.02 15 Day Resistance $0.03
80 Day Support $0.00 80 Day Resistance $0.03
Pivot Analysis
Price Pivot $0.02
Day Resistance 1 $0.02
Day Support 1 $0.02
Day Resistance 2 $0.03
Day Support 2 $0.02
Recent Moves
Gain/Loss - 10 day 5%
Gain/Loss - 30 day 132%
Gain/Loss - 60 day 267%
Gain/Loss - 200 day -27%
Consolidations
Short Term Yes
Medium Term Yes
Long Term No
Today's Trading
Gap None
Candle Bullish
Volume Indicators
Volume Averages
20 Day Avg Vol 4,531,883
Today / 20 Day Avg Vol Below
150 Day Avg Vol 10,225,480
Today / 150 Day Avg Vol Below
Today's Trading
Abnormal Volume None
Abnormal Trades N/A
WILLIAM VOLUME ACCUMULATION: Bullish
VOLUME PRICE TREND: Bullish
Momentum Indicators
Trend
10 Day Trend Bullish
40 Day Trend Bullish
100 Day Trend Bullish
STOCHASTICS: Overbought
RSI: Neutral
MACD: Bullish
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 60% - Buy
20-Day Average Volume - 4458772
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 75% - Buy
50-Day Average Volume - 3548573
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 5481906
Overall Average: 80% - Buy
Price Support Pivot Point Resistance
0.0220 0.0173 0.0213 0.0253
user why do you continue to referance the drago case?? are you a plaintiff???