Friday, June 05, 2009 3:20:30 PM
If a company files a complaint to SEC regarding concerns around the trading of its' own shares...let's say concerns regarding shorting or naked shorting, then SEC will also investigate the company that makes the complaint...obviously to make sure the company is ligit too!
Same goes for a person filing a complaint to SEC. The SEC will also investigate, to some extent, the person(s) making the complaint to make sure the source is legit and the SEC is not going off on a wild goose chase.
For example, Spooz and 141 have had concerns over the past few years, regarding the extensive shorting and NSS of their stocks. For SEC to proceed with any complaints they would make, then both Spooz and 141 would also be investigated by SEC, too!
The secret to profitable investing is to buy into well-run companies at the beginning of their earnings growth cycle—before Wall Street takes notice and bids up the stock price.
My opinions are my own. You have to decide and do what's best for you.
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