Treaty Energy Corp. (fka TECO)

[MightyMac]

Market Makers & Naked Shorts. Write your congressmen/women and senators to abolish short selling all together. Short selling serves no useful purpose other than to defraud others. Short selling suspends the concept of supply and demand. Short selling is not merely an investment based on future expectations but rather is a means of creating a self fulfilling prophesy that the price per share will fall.

Tuesday on the last prior trading day in the face of TECO good news press releases http://otcshortreport.com/ reported that almost 40% of the sales were short sales!!!

Today there were continued favorable press releases so I and other longs bought more TECO stock, driving the price up over 10% at one time from .045 to .05 per share.

Then the short selling attack took place in the span of two minutes (from 10:08:06 to 10:09:53) to drive the stock to .035, from which it started to recover so 252,596 (an interesting number that looks fake) was traded at .036 and appears an obvious short sale or one based on collusion between traders.

TECO recovered slowly to .05 on the good news so then the Market Makers painted the stock back down using small trades.

Does this look like supply and demand market forces at work? Does it look like honest trading or like greedy traders manipulating the TECO stock to artificially keep it depressed?

If you think the rules need to be changed, make some noise and write your elected officials. Short selling has no place in a modern setting where each of us can trade on line. Investors benefit by cutting sale commissions with internet sales. However, the internet has become a tool for rich crooks to steal from others by using short selling to defraud investors by scaring off other investors whose fresh money and demand on a limited supply of stock would bring up the price using basic supply and demand.