Universal Energy Corp (UVSE)

[oldepro ll]

mike, I totally agree. I just re read the new rules. If a broker/dealer or market maker participates in aiding the naked shorter they are committing fraud. Now, crooks are crooks, so some may try to circumvent the rules, but the new rules are very specific. The SEC knows they have a problem AND the public is more aware than in the past. The industry fought these rules tooth and nail for more than 5 years, now we have a new rules. The game has changed. Now we will see how serious the SEC is about the problem. If abusive naked short selling continues, we can not only kiss our money goodbye, we might as well prepare to live in a third world country. I have been involved in this fight for 5 years. This is the first time I have been optimistic.

Interesting that Overstock put out it's worst corporate news ever last week. Since then they are UP over 30%!!! In July, they dropped 40% on an analyst downgrade. I believe that was the last chance for the OSTK nss sellers to cover. Similar to your cd/nss cover description.

All investors owe Patrick Byrne. He is the primary reason this is all coming to a head. Shop Overstock this holiday season.