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?
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