Replies to post #205888 on KAT Exploration Inc (KATX)

[gump90]

One of the missing facts in this case trying to blame the M M s is the trading record of Ken and Tim. Insider trading reports that is !!! These reports do not have to be filed. So until you know what Ken and Tim did you simply CANNOT say it was the M M s themselves who did the big selling into the run-up and ruined KATX. I say it was Ken and Tim and their insider groupie friends who did all the selling.
Do not fret -- all of this will be coming out some day soon.

[paratrooper-82nd]

mappo... I agree. For those who might not be well versed in this topic this might explain a little of what is going on with the shorting issue.

Short selling has a dark side, courtesy of a small number of traders who are not above using unethical tactics to make a profit. Sometimes referred to as the "short and distort," this technique takes place when traders manipulate stock prices in a bear market by taking short positions and then using a smear campaign to drive down the target stocks. This is the mirror version of the pump and dump, where crooks buy stock (take a long position) and issue false information that causes the target stock's price to increase. Short selling abuse like this has grown along with internet trading and the growing trend of small investors and online trading.

In my opinion shorting should not be allowed and the SEC and etc should take a good look and rewrite the rules to prevent abuse by a few. The good derived is greatly negated and over shadowed by the bad. Katx has been shorted to no end and hopefully recovery is starting to fall into place.

It is incumbent on each investor to sort through the unlimited info on KATX and make their own decisions as to what is being said. Pump and Dump or Short and Distort. We are each responsible for our own choices and sometimes unfortunately in order to make a small fortune in the stock market you need to start with a large one. Don't invest more than you can afford to loose. GLTA.