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Between now and February 28th be PREPARED for Panicked short sellers who cannot make Delivery to try every trick in the book.
Was the shares given to the Deutsch Bank and they will hold them for a higher price later.
ARE THEY TRADEABLE OR RESTRICTED SHARES.
Wonder if FFGO is waiting for all this to unfold.
Between now and Monday, 2-28-11 be prepared for panicked short sellers who cannot make delivery to try every trick in the book to buy back their short positions.
The 3 new laws gaining attention in the NSS market are FINRA 4320
goes into effect on 2-28-11. It mandates 13 day buy-ins for open delivery failures FINALLY applying to shares of Non-Reporting Corporations. FINRA 2010043, also starting on 2-28-11 reinstates the "short sale exempt" (SSE) marking requirements for trade reporting and the OATS system. Those MMs accessing the bona fide MM exemption from executing pre-borrows or "locates" before admittedly naked short sales, must now FORMALLY acknowledge the accessing of that universally-abused exemption. Being that these trades are theoretically being made to "inject liquidity" then the excuse to hide the related trade data from the publics eyes goes out the window. You can't have it both ways and claim the bona fide MM exemption and later claim that the related trade data needs to be kept secret because it might reveal a "proprietory trading strategy. Truly bona fide MMs that are able to legally access that universally-abused exemption cover their naked short position on the next downtick after their short sale when buy side liquidity is in need of being injected as share prices fall. The 3rd new rule which is in effect now states that the offers and bids that MMs post must be of approximately the same size. No longer can the offers be of 1 million shares and the offsetting bid good for the minimum 5,000 shares.
The verbiage in 4320 is especially well done as it FINALLY puts the clearing firms that aid and abet theis crime wave on the spot. With the FFETF, which is made up of 25 different agencies, now on the scene the transparency has increased markedly. You can imagine how critical the lack of transparency is to a crime involving selling nonexistent securities and then refusing to ever deliver that which you sold AFTER being allowed access to the funds of the investor being defrauded.
Monday Monday So Good To Me
badgerbob maybe they are running out of 2s. Maybe getting close to the 3s.
Patience is a virtue. And hopefully lots of dollars
I am loving the 2s on low volume. Run baby run.
Feeling positive about this one. Especially after reading articles where the big analysts are recommending commodities, especially oil.
Concur. Good to see you back badgerbob
Hope so. I bought a little high yesterday. Gotta dollar cost average today. Looking good though
SPAH filling the gaps look like. We should move up after.
I am not new to the game. Been playing since 2004. Just don't play with money you can't afford to lose. And yes take your profit. Just did on CWR*.Where else can you use a small amount of funds, leverage it and make big money. Leverage is the name of the game. It doesn't matter what you are leverage. Apples, oranges, etc. Alot of something moving up in value will surely create a payoff. Thanks for the luck. Hope we all make money here.
Duh, Kenny in order to execute a sell. There must be a buyer on the other end to buy.
Kenny when its time for the MM's and the seasonals to run it. It will run. Short I wouldn't want to be.
Seems to be stabilizing in the high 2s. Move up soon.
Got some cheap shares today. Before the seasonal run-up in commodites begins.
Also with or without the Finra rules. PMDP was previously .0018. And with all the dollars being printed by helicopter Ben Bernanke. I would say it has a chance of beating the old high of.0018. And this Welch fellow, wasn't he in charge when it was .0018?
Everyone getting their shares before the new SEC rules take effect the beginning of March, 2011. Shorts in trouble.
hopie the 48 million buy tells you someone is getting in position for the run up.
BUY BUY BUY. this is the beginning of seasonal commodity move up.
caveat emptor means the company just needs to satisfy a certain requirement.
With that I would settle with a cool 50,000.
The 52 week high was .0018. So we could at least go back there. And with the help of the commodites seasonal run. Higher maybe.
Trying to get as many as I can.
I was buying 3's. tried to get 2's and couldn't. Now trying to get 1's and can't. So gotta buy what it gives.
Good to hear from Pimping wallstreet. Sure hope so. Need to make some dollars.
Same here. Buying 2's. Better than 3's. Alittle built-in profit.
As a geologist we welcome your expertise
We are betting on it BTB1
Could be why some shares were moved out. Time to run. Money wise and seasonally. Oil higher as well.
I concur. Although Arco is the cheapest.
I concur.
they or management grabbed shares before the end of February. Go to seasonal charts.com and you will see that crude oil begins its assault straight up from the end of February.
did you see the new SEC rules that take effect 2/28 could rid us of shorting. FINRA rule 4320 at www.finra.org
Looks like the shorts stole lots of shares before the new rules on shorting comes into effect after February 28th.
smitty I did that in the panic of 2008. The following year TD
Ameritrade changed the rules. They would not except my cert. I had to take it to Scottrade. If you have a TD Ameritrade account put your shares for sale at a $1.00 GTC. If you have Scottrade you will have to call in to place a sell order that high.
when they cant borrow any more from the brokers. They will.