My Freightworld Technologies Inc (MYFT)

[MakinMonE]

back2basics, I was on the road traveling when you wrote this. I had no idea it would show up in my PM's.
Shorting, IMO, is thievery. It's not a fair playing field. They TOTALLY have the advantage. If we were to run to $5 they could still short us. I'm pretty disgusted with the whole program. Through my studies, I've found out that even the SEC is involved. They would HAVE to be. Just a few short years ago they were saying, "we don't even know that there is a such thing as naked short selling" (ahhhh, so innocent) THEN it became a major issue to our country. I personally believe they are holding the US back as far as it's potential in the world.
Yes, it's very frustrating. All we have to look forward to is them having to cover. IMO, they play the odds and on the pink sheets, odds are they'll win. . . . except with ANYT, they'll have to cover and cover again.

maK






Posted by: back2basics Member Level Date: Sunday, February 21, 2010 8:29:49 PM
In reply to: MakinMonE who wrote msg# 10376 Post # of 10657 Send a link via email Share on Facebook Tweet this post
MakinMoney, I share your and brianteks disgust at shorting. For the life of me I don't see how the activity fits into the whole publicly traded stocks system.

Basically, investing in publicly traded stock is to bring companies wanting capital and investors with capital to invest together for mutual benefit. Companies often need the money for growth. Growth creates jobs and expansion potential. A good think, right.

Along comes shorters. As I understand it they "borrow" shares of serious investors from cooperating brokerages. Shorters are then motivated to do all in their power to beat down the PPS. They do it through manipulation or even floating bad rumors about the companies. They often hire basshers to "Captain" their skulduggery. They are known to spread lies among the associates of the companies they are shorting.

We sometimes delude ourselves by thinking it will be a temporary problem. However, often companies need a healthy PPS for financing and expansion. As shorters keep the PPS down often deals fall through. It can get so bad that some companies have been driven to near zero. The shorters dream.

I simply don't understand why shorting is legal. It's contrary to the whole point of investing in publicly traded companies.

Naked Shorting is another whole 'nuther disgusting thing.