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HAK41,
I`ve seen that a couple times before, put in for one buy and not get it, only to buy higher then they drop the share price to your original bid....
Let`s see what happens.
Not many buyers today, just the two of us?...
chevy56
HAK41,
That was interesting, I had a buy order for 1 million shares at .0001, the MOMO put up his 80 cents, and sat on .0002, he would not move....
You bought in at .0004....
It went up.....interesting.
chevy56
pretty,
Gold looking strong, hoping MGMX will soon do the same.
chevy56
HAK41,
I`m voting on 4.
It`s all very interesting.....
chevy56
HAK41,
That`s interesting, thought I`d see what your talking about, interesting. ....
chevy56
Wow Spellbound,
That`s pretty sobering news.
chevy56
Go MGMX
Alien,
Looks like MGMX is dropping fast now, hope we see a reversal soon.
chevy56
This is from another board, let us ( hope) GWGO will time there move.
chevy56
Posted by: muleofkintire
In reply to: None Date:3/19/2007 2:49:06 PM
Post #of 21923
full report with link.
'But in reality, due to various technical and fundamental factors, gold and gold stocks are actually in a better position to move up now than they were six weeks ago.'
//////////////////////////////////////////////////////
'Gold stocks tend to lead the action in the metal. That means when gold stocks outperform the price of gold it is bullish for both but when gold (the metal) outperforms gold stocks it is often a warning that the rally is not going to last. We just saw this happen in February. Gold stocks didn't go up faster than the metal during this rally and, not surprisingly, a dip was the result. I thought we were going to pause a bit, but not drop as much as we did, But I can see the reasons why.
During the previous three major periods of consolidation in the gold market gold stocks lagged the metal. You can see this in the downward plot of the XAU/gld ratio in the above chart. However, once this condition came to an end and the XAU/gld ratio broke out of its downtrend resistance lines, new bull runs in the gold market began that led to riches for gold and gold stocks investors.
I'm expecting a rally over the next few weeks. One that will take the XAU up to its upper 200-day bollinger band. If that rally is accompanied with the XAU/gld ratio trending up to its downward resistance trendline then I will take this as confirmation that a new bull run is right around the corner. Once the XAU gets up to the 150 area I'd expect it to pause for a few weeks. This should be the final calm before the big move and it is during this time that I'd expect the XAU/gld ratio to breakout and give a major intermediate-term buy signal.'
mule,
I agree.
chevy56
Seems to be similar to a Nevada Corporate setup...mail, telephone service....many companies using the service for a fee each month.
chevy56
Phone Answering Service/ Toronto Mail Service
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RedSky,
I feel the same, thank you very much.
See every one tomorrow.
chevy56
RedSky,
Man your happy.....
Take care.
chevy56
RedSky,
I`m taken, my wife loves me, I hope.
chevy56
Man your really happy, I think your happiness will rub off on the board.
RedSky, just joking around, if a Geo. is needed for the right price I will go...
Have chevy will travel...
chevy56
RedSky, to get this deal done, pay me, I will go...
chevy56
RedSky,
Kidnapping of geologist, had not considered the danger...
chevy56
RedSky,
That explains a lot.
chevy56
Check this out, Grandfather going, taken from another board
chevy56
« Older | Newer »
By: gusjarvis
15 Mar 2007, 12:46 PM EDT
Msg. 27681 of 27686
Jump to msg. #
grandfather going
by gluggo:
Ohhh Boy! We will see sounds like he is boxed in! I think I would rather trust a criminal
SEC
Thank you for taking the time to comment on this release.
Your comments for file number S7-12-06 were received on March 15, 2007.
Please save this page for your records.
Comments received from:
Glen Smith
Cox your stalling Eliminate the grandfather provisions
Alaska
Comments:
COX Comments on Naked Short Selling
The First Annual Capital Markets Summit: Securing America's Competitiveness
Date: 14-Mar-2007 8:15 AM - 5:00 PM
Comments by Chairman Cox during Q A.
Chairman Cox you state ;March 14, 2007;
"One of the reasons is the Grandfather provision in the rule as it was originally adopted, so we are now setting out, as you know, to eliminate that grandfather provision."
Well when are you gonna do this 2008, 2009, 2010? Stop with these lies and take action now I am a taxpayer and I am here to speak my mind I am tired of the lies and stall tactics being put forth out of your office Do you duty to the constitution Protect the investors and show transparency
Glen Smith
COX Comments on Naked Short Selling Today
The First Annual Capital Markets Summit: Securing America's Competitiveness
Date: 14-Mar-2007 8:15 AM - 5:00 PM
Comments by Chairman Cox during Q A.
AUDIENCE MEMBER: Chairman Cox, Jonathan Johnson, Overstock.com. You have mentioned in the past that abusive naked short selling is being used to manipulate stock prices down to the detriment of investors. Last month, the Chamber sent a letter requesting that Congress hold hearings on the issue and last night Bloomberg TV ran a piece, a special report, on this issue. What is the Commission doing to stop this form of manipulation and when can we expect some action?
CHAIRMAN COX: Abusive naked short selling is of great concern to the entire Commission, to all of our members and the professional staff at the SEC. The regulation that was first adopted to get after this and related problems, Reg SHO, has proven insufficient to stop the problem. One of the reasons is the Grandfather provision in the rule as it was originally adopted, so we are now setting out, as you know, to eliminate that grandfather provision. And we will do more. Just as Congress may well have hearings on this issue and seek to get more information, so too are we looking at this. As you know, theres a technological side to this. This is very closely connected to our system of clearing and settlement in a very very big market, and we want to make sure that we use technology as our friend in relating, potentially and at all times, ownership and particular shares rather than waiting until the end of an arbitrary period of time to match those things up. Its those sorts of things that I think will eventually help us, I think, put an end to this kind of abuse. And I know that people victimized by it have a great deal of right on their side to complain about it.
CHAIRMAN DONAHUE: You have a lot of support from here in getting that done. Just let us know how we can get some muscle behind it. It is a serious challenge.
check this out, Grandfather going
Taken from another board
chevy56
« GWGO Message list | Reply to msg. | Post new msg. « Older | Newer »
By: gusjarvis
15 Mar 2007, 12:46 PM EDT
Msg. 27681 of 27686
Jump to msg. #
grandfather going
by gluggo:
Ohhh Boy! We will see sounds like he is boxed in! I think I would rather trust a criminal
SEC
Thank you for taking the time to comment on this release.
Your comments for file number S7-12-06 were received on March 15, 2007.
Please save this page for your records.
Comments received from:
Glen Smith
Cox your stalling Eliminate the grandfather provisions
Alaska
Comments:
COX Comments on Naked Short Selling
The First Annual Capital Markets Summit: Securing America's Competitiveness
Date: 14-Mar-2007 8:15 AM - 5:00 PM
Comments by Chairman Cox during Q A.
Chairman Cox you state ;March 14, 2007;
"One of the reasons is the Grandfather provision in the rule as it was originally adopted, so we are now setting out, as you know, to eliminate that grandfather provision."
Well when are you gonna do this 2008, 2009, 2010? Stop with these lies and take action now I am a taxpayer and I am here to speak my mind I am tired of the lies and stall tactics being put forth out of your office Do you duty to the constitution Protect the investors and show transparency
Glen Smith
COX Comments on Naked Short Selling Today
The First Annual Capital Markets Summit: Securing America's Competitiveness
Date: 14-Mar-2007 8:15 AM - 5:00 PM
Comments by Chairman Cox during Q A.
AUDIENCE MEMBER: Chairman Cox, Jonathan Johnson, Overstock.com. You have mentioned in the past that abusive naked short selling is being used to manipulate stock prices down to the detriment of investors. Last month, the Chamber sent a letter requesting that Congress hold hearings on the issue and last night Bloomberg TV ran a piece, a special report, on this issue. What is the Commission doing to stop this form of manipulation and when can we expect some action?
CHAIRMAN COX: Abusive naked short selling is of great concern to the entire Commission, to all of our members and the professional staff at the SEC. The regulation that was first adopted to get after this and related problems, Reg SHO, has proven insufficient to stop the problem. One of the reasons is the Grandfather provision in the rule as it was originally adopted, so we are now setting out, as you know, to eliminate that grandfather provision. And we will do more. Just as Congress may well have hearings on this issue and seek to get more information, so too are we looking at this. As you know, theres a technological side to this. This is very closely connected to our system of clearing and settlement in a very very big market, and we want to make sure that we use technology as our friend in relating, potentially and at all times, ownership and particular shares rather than waiting until the end of an arbitrary period of time to match those things up. Its those sorts of things that I think will eventually help us, I think, put an end to this kind of abuse. And I know that people victimized by it have a great deal of right on their side to complain about it.
CHAIRMAN DONAHUE: You have a lot of support from here in getting that done. Just let us know how we can get some muscle behind it. It is a serious challenge.
Naked Shorting, the story begins, taken from another board
chevy56
AP
Goldman to Pay $2M to Settle SEC Case
Wednesday March 14, 6:39 pm ET
Goldman's Clearing Unit to Pay $2M to Settle With SEC, NYSE
WASHINGTON (AP) -- Goldman Sachs Group Inc.'s clearing unit has agreed to pay $2 million in civil penalties to settle allegations that it allowed customers to illegally profit by selling securities short just before public offerings of stock, regulators said.
ADVERTISEMENT
It marks the first settlement of a Securities and Exchange Commission and NYSE Regulation Inc. case alleging that a prime brokerage firm played a role in a type of abusive short-selling practice that has prompted some companies to launch a high-profile campaign against "naked" short selling. That involves selling borrowed shares without having first borrowed the shares.
"That is an important case and it reflects our interest in this area," SEC Chairman Christopher Cox told reporters after a speech to the U.S. Chamber of Commerce. He declined to say if the SEC is investigating other Wall Street firms for naked short-selling abuses.
A Goldman Sachs spokesman declined to comment. Goldman Sachs Execution & Clearing LP, one of the biggest clearing firms on Wall Street and previously known as Spear, Leeds & Kellogg, settled without admitting or denying wrongdoing.
The regulators said that customers of the Jersey City, N.J., clearing unit made their trades through the firm's direct access system, called REDI. Customers who were selling securities short - or selling borrowed securities in a bet on falling stock prices - had instead used the system to mark their trades "long," regulators said, indicating that they were selling shares they owned. Customer agreements allow brokerage firms to rely on such representations.
But because the shares weren't actually in the client accounts, Goldman had to lend shares to its customers in order to complete the trades, regulators said. The result was a pattern of illegal trading ahead of stock offerings from March 2000 through May 2002 that went undetected -- but should have been investigated -- by the brokerage firm, the SEC and NYSE said.
"A broker must have a reasonable basis to believe its customers' representations that they own the securities they are selling," said David Nelson, the director of the SEC's office in Miami, in a statement.
"If, as in this case, there are significant trading disparities indicating that a customer may be lying to the broker, the broker must investigate the customer's trading and review its trading records to determine whether it can reasonably continue to rely on the customer's representations," Nelson said.
For the past two years, the SEC has been focusing on abusive short selling that violates a regulation intended to prevent abuses that can occur when companies conduct secondary or follow-on stock offerings. Mostly, those cases have been brought against hedge funds or individuals, who have been accused of using improper tactics to cover short sales with stock they had purchased through such additional offerings.
Now, "this is the first case that we've brought against a broker," said Teresa Verges, assistant regional director at the SEC's Southeast regional office. She said Goldman was liable as a result of its role in executing the short sales.
The case grew out of an earlier action involving individual brokers. In 2003, brokers Ethan Weitz and Robert Altman agreed to pay more than $1 million to settle charges that they had engaged in short selling in advance of 15 stock sales. Securities rules prevent such trading on the theory that it can manipulate the prices that companies are able to generate through their stock sales. Although the two weren't mentioned by name in the SEC's case against Goldman, they were two of the clients who traded through the firm's direct access system.
Taken from RB board, it`s a start.
chevy56
AP
Goldman to Pay $2M to Settle SEC Case
Wednesday March 14, 6:39 pm ET
Goldman's Clearing Unit to Pay $2M to Settle With SEC, NYSE
WASHINGTON (AP) -- Goldman Sachs Group Inc.'s clearing unit has agreed to pay $2 million in civil penalties to settle allegations that it allowed customers to illegally profit by selling securities short just before public offerings of stock, regulators said.
ADVERTISEMENT
It marks the first settlement of a Securities and Exchange Commission and NYSE Regulation Inc. case alleging that a prime brokerage firm played a role in a type of abusive short-selling practice that has prompted some companies to launch a high-profile campaign against "naked" short selling. That involves selling borrowed shares without having first borrowed the shares.
"That is an important case and it reflects our interest in this area," SEC Chairman Christopher Cox told reporters after a speech to the U.S. Chamber of Commerce. He declined to say if the SEC is investigating other Wall Street firms for naked short-selling abuses.
A Goldman Sachs spokesman declined to comment. Goldman Sachs Execution & Clearing LP, one of the biggest clearing firms on Wall Street and previously known as Spear, Leeds & Kellogg, settled without admitting or denying wrongdoing.
The regulators said that customers of the Jersey City, N.J., clearing unit made their trades through the firm's direct access system, called REDI. Customers who were selling securities short - or selling borrowed securities in a bet on falling stock prices - had instead used the system to mark their trades "long," regulators said, indicating that they were selling shares they owned. Customer agreements allow brokerage firms to rely on such representations.
But because the shares weren't actually in the client accounts, Goldman had to lend shares to its customers in order to complete the trades, regulators said. The result was a pattern of illegal trading ahead of stock offerings from March 2000 through May 2002 that went undetected -- but should have been investigated -- by the brokerage firm, the SEC and NYSE said.
"A broker must have a reasonable basis to believe its customers' representations that they own the securities they are selling," said David Nelson, the director of the SEC's office in Miami, in a statement.
"If, as in this case, there are significant trading disparities indicating that a customer may be lying to the broker, the broker must investigate the customer's trading and review its trading records to determine whether it can reasonably continue to rely on the customer's representations," Nelson said.
For the past two years, the SEC has been focusing on abusive short selling that violates a regulation intended to prevent abuses that can occur when companies conduct secondary or follow-on stock offerings. Mostly, those cases have been brought against hedge funds or individuals, who have been accused of using improper tactics to cover short sales with stock they had purchased through such additional offerings.
Now, "this is the first case that we've brought against a broker," said Teresa Verges, assistant regional director at the SEC's Southeast regional office. She said Goldman was liable as a result of its role in executing the short sales.
The case grew out of an earlier action involving individual brokers. In 2003, brokers Ethan Weitz and Robert Altman agreed to pay more than $1 million to settle charges that they had engaged in short selling in advance of 15 stock sales. Securities rules prevent such trading on the theory that it can manipulate the prices that companies are able to generate through their stock sales. Although the two weren't mentioned by name in the SEC's case against Goldman, they were two of the clients who traded through the firm's direct access system.
Ema
HAK41
Damn that sounds good, how can a good Geologist turn that down, what`s the hold up ?....
chevy56
Come on geo. let`s turn dreams into reality.
Hak41,
Confidence in company, PR would state geo. paid in shares.....not to be cashed until share price hits 50 cent a share...
chevy56
P.S. That would be business.
excuse the sticky fingers (please)
chevy56
I understand what Alien is saying about dilution and gold.
We show faith in our dollar (Investment), payment is being up front with a PR, keeping investors up to date.... ....
This is business, not just blind faith....
chevy56
RedSky,
Will MGMX give you a heads up on Geologist ?
We all have faith, in our dollars (shares) we trust.
chevy56
Alien,
Nice picture, the future looks of man, our ancestors.
chevy56
RedSky,
I have never been to Florida, price sounds unreal...
Check it out.
crumbling
RedSky,
You can find info. on property (Chicago Title, American Title)
Call information, that property is to cheap to be real, not to say it isn`t a good buy, I would check it out.
chevy56
RedSky,
You want to do a title search, go to a title company...
chevy56
mule,
I worked in a freezer for 17 yrs, I think your right about the cold...
Heat up here during the summer as a friend put it, it`s almost purifying.
That`s saying alot.
chevy56
This is off topic, please excuse this messsage, anyone interested, Bloomberg 7;00 pm tonight (phantom shares) Naked shorting,... If your a investor you should see this, it is something sadly you SHOULD see...
chevy56
Alien,
You could fly us in, would be cool.
Old chevy is to slow....
chevy56
Alien,
Think you might conjure up another 4 dollar deal??
We could use little more excitement, first let me know before you get started, going to pop a couple of heart pills.
chevy56
mule,
Done deal, I`m in agreement.
chevy56
mule,
My wife and I are overdue for a vacation, would like to meet you and our other MGMX members. My wife`s people live in Canada, they are her fathers people, I don`t know there location, will ask her this week end....
Out here in the desert we have coyotes, sometimes a black bear or cougar will come down from the forest area.., hawks, not many buzzards anymore, we have had 2 rattle snake sightings in the last 10 yrs..
Hoping MGMX will give us a great PR, tomorrow is the 14th. might be the day.
any way chevy56
mule,
I agree, maybe we can get him to do it again ($4 bucks).
chevy56
mule,
I wondered how Alien pulled that 4 dollar a share trick off, now I know why it did not work for us.
What a bad trip.........Whooooooo (twighlight zone)
chevy56
mule,
Later during the summer when it gets 115, 120, trust me many sleepless nights.
I`ve always wanted to visit there, my sister and her husband have been to Canada several times.
But then they are both proffessors.
Me I took the back breaking road, working 2 jobs for almost 40 yrs....
Close as I`ve been to a Polar Bear is at the zoo...
chevy56
HAK41,
I`m laughing.
chevy56