June 2, 2009
Propaganda has started...media plant story...Nasdaq CEO Robert Greifeld says, "short selling didn't affect stock price only naked short selling"
How about the message....naked short selling(then probably short selling period) has hurt stock prices
Nasdaq CEO wouldn't be a good source...they are not independent...they have an interest in all volatility
COMMON SENSE: If you get to sell something you don't own, didn't have to manufacture, didn't grow and have no investment in...why wouldn't you sell as much a humanly possible????? Guess What?...they did and continue to do so...why would they stop unless YOU stop them ????
Their computers are programed to short and cover after controlling bid and ask prices with 4 decimal place bid and asks.....if they can't control investor exhuberence they sell more until its under control.....
THEY DESTROYED ALL THEY CHOSE TO DESTROY...MADE MONEY ON THE WAY DOWN...PROBABLY BOUGHT CDS' TO REWARD THEM FOR RUNNING PERFECTLY GOOD COMPANIES INTO THE GROUND.
MAKE THEM BUY PUTS AND HAVE AN INVESTMENT ITS THAT EASY....THEN CONTROL THEIR FALSE STORIES AND BASHING OF STOCKS WITH THEIR "MEDIA" AND PAID BASHERS..AND FALSE UPGRADES AND DOWNGRADES...
YOU LISTEN WITH SCEPTICISM TO THOSE WITH DIRECT VESTED INTERESTS IN THE MARKETS AND MARKETEERING
YOU MUST PROTECT THE SECURITIES IN THE PUBLICLY HELD COMPANIES AND THEIR INVESTORS(THOSE WHO ACTUALLY OWN THE STOCK)AND NOT LET THEM MANIPULATE.
YOU HAVE OPENED YOURSELVES UP TO NOW REPRESENTING THOSE WHOSE INTEREST IS AGAINST AMERICAN BUSINESS AND THEIR STOCKHOLDERS AND DEVELOPING RULES FAVORABLE TO THEIR DESIRED OUTCOME...IT IS COUNTERPRODUCTIVE TO AMERICAN BUSINESS AND CAPITALISM (hummmm)...maybe this is falling on deaf ears
Your independent and well thought out rule changes are anxiously being waited upon. Wish we all had time to make changes by committee. If the rules weren't changed in july 2007 the world and its economies would have been a better place....you've created or assisted in the creation of a monster. Do something that retrieves the wealth that has been depleted from our investing public...eliminate shorting tomorrow and you will see markets go dramatically higher as massive short postions in nearly every company have to be covered...I do realize that JP, Goldman and hedge funds may be hurt...but so have the investing public, many pension funds and many formerly great American companies, by their actions...
Let's get back to having investment bankers raise money for the good of American companies and assisting intrepeneurs with the help of the banking community...instead of having them loot the equity out of companies for their own personal fortune.
Bruce McDonald