Replies to post #24342 on Applied DNA Sciences Inc (APDN)

[mcsharkey]

Thanks_for the_post on Coordinated Short Attacks Cat
just babbling on here about violations or at least feeling so.

Click on this for all sorts of actions going on NOW for and against the pressure the SEC has stepped up against NAKED SHORT SELLERS Regulation M, rule 105, cited in that Yahoo post.

There is a lot of WORD going about in the Security and Exchange Commission (SEC) and Financial Industry Regulatory Agency (FINRA) stepping up enforcement of these electronic algorithmic trades we're claiming that are occurring.

And KUDOS to Vans on all this. Tried to be general enough in both. Don't want to be shit-canned for not citing the right crime or screwing up the Latin phrase (bin shotimussed maximus and violatedus greveee us),

FINRA has at least contacted us. Twice now, second contact indicating we'd get a third contact. New York County District Attorney has been mailed a complaint on Thursday. We'll see.

Each month the SEC is putting out new RISK ALERTS from their own investigators and traders in general. Nuther search term that brings back enormous amounts of material is REG SHO (Regulation SHOrt, all about short sales requirements.

Here's a couple clips for shits and grins. At this post, there's time before kickoff, and not much going on. Second post deals with regulation M noted from the Yahoo Finance board.

Security and Exchange Program National Exam Program Risk Alerts

Volume III, Issue 2 August 9, 2013 Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations
Options are priced in the market place so that the price of the underlying security is the same as the “synthetic” price of its options. This relationship between the price of a security and its options is known as “Put/Call Parity.” For example, a “synthetic” long position, which consists of a long call and short put of the same strike and expiration date (also known as a “long combination” position), is typically the equivalent of a 100 share long position in an equity security. When the “synthetic” position is priced correctly with respect to the actual shares, no potential profit opportunities exist in the market. In other words, being long the “synthetic” position (e.g., the long combination) and being short the actual shares normally results in a riskless, fully hedged, and profitless position. This position is commonly known in the industry as a “Reversal.”

Volume III, Issue 4 September 17, 2013RULE 105 OF REGULATION M: SHORT SELLING IN CONNECTION WITH A PUBLIC OFFERING
I. Introduction Rule 105 generally prohibits purchasing securities in follow-on and secondary offerings when the purchaser has effected short sales in the securities within a specified amount of time prior to the pricing of an offering.

[mcsharkey]

Nuther post inspired by Cat's earlier post on short sale attacks, found this pretty good article on Penny Sleuth site, written none other than Patrick Coxlink to full article
Here's a snippet:

Avoid the Next Short Seller Attack
Sep 9th, 2010 | By Patrick Cox | Category: Featured, Technology

For the most part, it’s just accepted as a fact of life that emerging small caps with technologies that are not well understood by the public will be targeted by attacks from short sellers. But there’s more to the battle between short sellers and investors than meets the eye......
.......Shorting a stock to intentionally drive its price down, however, is illegal. As a result, people aren’t going to publicly admit that they are trying to manipulate prices. Furthermore, it’s extremely difficult to prove that an individual or individuals has made a series of large shorts to panic stockholders. The SEC simply does not have the resources or focus to detect and punish every such short attack.......

Feeling good after this read. Not about being screwed.