Friday, January 07, 2011 9:11:30 AM
Yes, many will tell you there are no shorts in this stock, legally.
This tells you how aniquated the entire buy,sell, delivery system that has been in place now for nearly 75 years and only tweaked a few times.
Yes, the naked short rule which took affect September 2008 was suppose to resolve that issue. However, if you take the time and read the new rule, it is no better than the old rules. Major holes in the new rules and they don't benefit the longs. It makes you wonder who is running the Asylum.
http://www.sec.gov/rules/other/2008/34-58572.pdf
I did add to my position the other day. However, I only added a small position. I will not sell any of my shares to any one that needs them south of $2.50........:) I will go to my grave with my shares knowing no one got the satisfaction to cover their position on my behalf....... That in itself, for me is self gratification that no dollar amount that I will most likely lose on this stock will replace.
I will seek to recover my losses through a civil lawsuit, if need be.
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