Replies to post #6543 on Wanderport Corp (WDRP)

[hmp660]

And what kind of person do you believe that makes you? Maybe my earlier assessment of you was right on the money.

-Dave-

[tani]

bplmer4u FYI... Short and distort

BTW bplmer4u I have been around this market for over 30 years and trust me these low lifes are out there and they get paid for it and make $$$ off the shorts as well.

Do your DD and you will see that this type of game playing has been going on forever. The Regulators try and control it but it is almost, if not impossible. I know this will not change your thoughts but maybe it might help you and/or others.

Cheers

Short and distort

"Short and distort"
is a type of securities fraud in which Internet investors short sell a stock and then spread negative rumors about the company in an attempt to drive down stock prices.


They will use multi nicks on chat boards to stir up the board and cause panic as can be seen today.

Cell phones and text-based messaging are the primary tools for the people committing "short and distort" as they tend to hide the source of the information.

It is often performed as a form of naked short selling in which stock is sold without being borrowed and without any intent to borrow.

Once the stock price has declined, the investor uses the proceeds of the initial sale to buy a larger number of the company's shares than sold originally.

Some of the newly purchased stock is used to fulfill the short-selling contract; the remaining shares are then offered for sale, which causes an additional decline in the company's share price.


During the takeover of The Bear Stearns Companies by J.P. Morgan Chase in March 2008, reports swirled that short sellers were spreading rumors to drive down Bear Stearns' share price. United States Senator Christopher Dodd said this was more than rumors and said, "This is about collusion." Chase was victimized by a similar "short and distort" scheme six years earlier when rumors arose about its purported relationship with Enron.