SEC Charges Eleven in Stock Manipulation Ring

[shortsinthesand]

the short fallacy was used as a ploy to sell their stock long.. They did however sell the longs short so to speak as their shares were free S8 and RegD 504 shares!

here is an example of how it is done
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Posted by: olico ™
Date: Monday, April 28, 2008 12:05:09 PM

Dear members,

We are hearing rumors there has been a major SHORT POSITION established in VDTI this morning. We are expecting a MAJOR SHORT SQUEEZE coming shortly like the one that saw this stock go from .63 to .95 in 15 minutes. We were expecting this stock to bounce back huge and the shorts prevented this from happening this morning. If you're watching the level 2 right now the market makers ABLE, BKRT, VFIN, DOMS, SEAL, and SEAB are all lined up trying to hold this stock down while protecting their major short position. All experienced traders and investors know that this is not RETAIL traders selling through those firms. This is an organized NAKED SHORT!!! VDTI has bottomed out in the mid .40s and more GREAT news is expected. VDTI put out nice news this morning as they are now moving foward with their FDA approved iCAT treatment centers opening up across the country. We hear there will be more news regarding these centers. We are hearing that there is SOME MAJOR news that will be coming shortly that will potentially blow this stock through the roof. Just sit back, relax, and enjoy the ride that should occur today! I told you before this has BIG MONEY behind this, thats why we at eXplosivepicks.com have been so comfortable making VDTI our GRAND SLAM PICK!!!