Replies to post #51956 on Laidlaw Energy Group, Inc.(fka LLEG)

[tanner12oz]

not directed at me BUT....NO NOT ONE BIT. merely day traders and hype making quick money

[PENNYGOLD]

Sold on Oct 7 at .007 but got spanked by Scottrade for daytrading w/o having $25K in my Acct. Made 1K that day and looking back they did me a favor. I love this stock and was going to Buy at >006 on the 8th but must wait 3 days for fumds to settle. Was removed from Margin to CASH. Thank U Lord. I love this stock but it's funny how life works. I will be back like Arnold said. LOL. Hang on guys it will get better.

[fisherman2009]

Naked short selling can be used to manipulate the price of securities by driving their price down, and its use in this way is illegal, however, the practice is considered benign under certain circumstances, such as trading by market makers.
In the United States, naked short selling is covered by various SEC regulations which prohibit the practice. With some corrupt entities that we have in the market these days, I wouldn't be surprised if this happened, though they would be taking a big chance and risking jail time by doing so.

[Matilda007]

Makes sense to me, nobody who "OWNED" shares, would sell at the market and bring the price down.

They might sell 5 million at the market, then when it came back sell another 5 and so on. There was 100 million shares dumped.

Now if you had sold 50 or 100 OR MORE OR LESS millions of shares short, in the 50's to 70's you NEED TO BRING THE PRICE DOWN to cover your position. So simply sell another 100 million or so "at the market", and then you can cover your naked short position.