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Re: mide post# 3566

Thursday, 07/07/2005 12:15:13 AM

Thursday, July 07, 2005 12:15:13 AM

Post# of 44374
Mide, I read and re-read the Yahoo document you posted regarding Naked short selling, etc, and here is a new MAJOR CONCERN I have...based upon these crooks being able to naked short a company into the ground....! What if the big players in telecom, etc. viewed GTE as a multi-billion dollar threat to their existence (no more cell towers, etc), and they have the "inside" ability (connections with brokerage firms, and others you mentioned) to cause GTE to be naked shorted to death where it would face de-listing and a an eventual spiral death into oblivion. From what you posted, the repeated lending of fantom shares (nakedly shorted) from brokerage firm to brokerage firm, without having to settle or cover these shares could put a contrived high volume sell-off of GTE shares into place, and while albeit an artificially designed plan, could force the PPS to fall into the sub-AMEX listing level requirements, and force the company into market capitalizationn bankruptcy. Am I being too paranoid here, or from the document you posted, am I to be seriously concerned with my investment capital. The big telecom and other companies that stand to lose billions if the Strat is successfully launched certainly have a vested interest in seeing GTE "short-sold" into financial oblivion. Scarry for sure. Please post your thoughts in this regard. Still very LONG. docS.


A physician who cannot admit that they have made a mistake, or that he/she is wrong, regardless of how this became known to said physican, is not someone you want caring for you, your family, or a loved one. docS

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