Fiends In Stocks

[DeepBlue1]

This is kind of amusing in a sickening sort of way...I read the press release you posted and excerpted below and decided to check the REGSHO list to see what was happening.

What I found was 20 new stocks ADDED to the list today and 12 REMOVED from the list today. In other words....the list is still GROWING, and nobody is apparently too worried about covering any naked shorts.

I suspect that this is because either the existing naked shorts are "grandfathered in" like they were when the regulations first came around in 2004 or they just don't give a shit because they know it's another toothless lion.

I posted the link to the Sho list at the end of this message just in case anyone wants to take a look.


FOR IMMEDIATE RELEASE
2008-204

Washington, D.C., Sept. 17, 2008 — The Securities and Exchange Commission today took several coordinated actions to strengthen investor protections against “naked” short selling. The Commission’s actions will apply to the securities of all public companies, including all companies in the financial sector. The actions are effective at 12:01 a.m. ET on Thursday, Sept. 18, 2008.


http://www.buyins.net/tools/short_list.php?dys=%3E12