Good news seem not to move good stocks like GDVI as of late. Take MOBL, and VFIN for instance. Super financial news, yet the PPS is going the wrong way, or it's stationary. I almost tend to believe that some sort of shorting to be the cause. And, it looks like shorting is a lot more widespread than many of us know:
See below:
CBS "60 Minutes" to Air Story on Naked Shorting
New York, Friday April 1, 2005
CBS News today announced that this coming Sunday, April 3rd, their flagship news magazine "60 Minutes" will air an expose of what has been called "the biggest financial scam in the history of the world" - the campaign against naked short selling.
Roger de Minimis, acting head of CBS News, said, "Our close friends at the National Association of Freedom Funds have convinced us that we are the news organization with the credulity and appropriate level of integrity to air a story about this issue."
CBS News confirmed that it has filmed hundreds of hours of explosive footage with informed figures such as SEC Chairman William Donaldson, NY Attorney General Eliot Spitzer and DTCC Deputy General Counsel
Larry W. Byrd, which will "blow the lid off" the murky figures behind the campaign against naked shorting.
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