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shamlet76

06/25/11 6:37 PM

#1607 RE: locked #1606

what ideas do you want me to reply to?

you have three choices, sell, hold or buy. this may be the lowest price range you will see SBAY, unless it is a fraud. this is a funnel. they are trying to give longs NO CHOICE but to sell. the ask is once cent over the bid. hardly any bids or ask. the shortsellers are saying THEY WANT THEIR $.

the 7/14 SEC deadline is looming. i doubt that the SEC will give the major brokers dispensation to not supervise their customers. this means that the major debt/equity swap brokers have not bought those in and they may not have naked shortselling to help them, unless they can complete it by 7/16.

further, if they do not buy them in, our retail brokers should have bought them in a long time ago. these are VERY OLD transactions. your broker was more loyal to them than they were to their customer. it is corruption in our financial system.

shortsellers do not care if a company is viable. they don't care if they are "right" about a company. they just want your $. they will do anything to get it.

remember to read the rule, comments, and comment on the new shortselling disclosure on the front page of the SEC and the investors' stock being segregated from brokerage assets and not being lent out or compromised in any way.
http://www.sec.gov/news/press/2011/2011-128.htm


this rule will affect the shares available to borrow, the netting between the long and short position of the broker at the clearinghouse. your shares will be safe. you own them, even if the broker goes out of business.
further, they cannot use your shares to calculate the broker's margin. they must buy-in any shares that were owed.
THEY MUST MAINTAIN CONTROL AND CUSTODY of your assets.
further, they must have this in place for the whole year of 2011.