Topics Topics Help/Instructions Help Edit Profile Profile Member List Register Paatha Gnyapakaalu - Archives from Old DB  
Search New Posts 1 | 2 | 8 Hours Search New Posts 1 | 3 | 7 Days Search Search Tree View Tree View Latest tweets Live Tweets   Hide Images

Rate this post by selecting a number. 1 is the worst and 5 is the best.

    (Worst)    1    2    3    4    5     (Best)

Author Message
Top of pagePrevious messageNext messageBottom of page Link to this message

Gaali
Bewarse Legend
Username: Gaali

Post Number: 13062
Registered: 03-2004
Posted From: 24.26.47.246

Rating: N/A
Votes: 0

Posted on Friday, March 20, 2009 - 1:36 pm:   

From the Yahoo Messageboards for C

One member's rant on the reverse split.


quote:

Are you guys really that stupid? This market is OWNED by hedge funds. CPI is right. I've seen this so many times that I can't believe that you two are so ignorant.

The SEC is ostensibly obligated to protect the individual investor, but they do no such thing. The 3 day rule requires that shorted shares be accounted for in three days time. What hedge funds have learned to do is simply shuffle the shares around from broker to broker every three days and the shares fall off the radar screen. This is how companies end up with more shares short than actually exist in the float.

IF C has a reverse split, the shorts would pummel this stock. Rather than just having a buck or two to the downside to make, they'd have $3 if C became a $5 stock and $7 if it became a $10 stock. Haven't you two learned anything? Do you live in a cave, or what?



Topics | Last Hour | Last Day | Last Week | Tree View | Search | Help/Instructions | Program Credits Administration