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Re: terry_mathews post# 71299

Thursday, 11/29/2012 8:41:54 PM

Thursday, November 29, 2012 8:41:54 PM

Post# of 167964
Terry, excellent insight into the "get shorty" posts on every scam stock. I believe the shorts posts is #3 on the how to spot a pump and dump:

3. BLAME IT ON THE SHORTS
If a stock promotion hasn't been successful then it must be the fault of the naysayers and the shorts. It couldn't possibly be that nobody was buying the story or that insiders were selling into the promotion. Comments in follow-up posts like, "We were battling with the shorts", are a sure sign that a pump and dump program was on. The battle was not with the shorts but with the insiders who were filling all the bids they could. After all, if the so-called shorts were willing to sell stock at lower prices, then why wouldn't they have hit bids prior to the promotion?


Furthermore, One tactic that many stock promoters use over and over again to explain why their stock promotions are followed by large stock price declines is to blame it on the short sellers. Unfortunately, FINRA abets these lies by publishing without adequate explanation data required by the SEC’s Regulation SHO. This data provides information on every share sold each day. Time and and time again I have seen stock promoters use this data to ‘show’ that the stock they are promoting is getting attacked by short sellers.

So the next time a stock promoter links to the FINRA Reg SHO short data to show that a stock dropped because of short sellers, you will know that they are lying. In fact, many times the large block sellers whose shares are sold in such a way to make them show up as ‘short sales’ in the FINRA data are the stock promoters or the people who pay for the stock promotion. So the promoters are not innocently wrong — they lie through their teeth even though they know better.


IG