UPDATE: Suck on this you SEC bastards, I just began pre-selling my brand new 6-hour ShortStocking Instructional DVD (learn more HERE) and it’s gonna teach everyone how to profit from short selling…legally.
Now that joke of an industry “bigtimers” like Cramer, Mish and Ritholtz are calling the SEC financial terrorists, see HERE, HERE and HERE, remember somebody beat them to it by several months…
In THIS post I began calling the SEC, due to their oppressive regulations that go against everything this country stands for, Osama bin SEC. That was in regards to the absurd pattern day trader rule, but it’s really no different than this absurd ban on short selling. Kinda like a terrorist attacking the US either with planes or trains.
Sure, sure, you half expected this–short sellers are easy-powerless-friend-less targets, and maybe the SEC is right to try to stem the financial sector bleeding (or how about go full Big Brother and just confiscate all the possessions/earnings of incompetent corporate executives to pay off the debt they helped create), but all these industry peeps are upset cuz it goes smack against our whole free economy/market concept. Short sellers are upset cuz all their research/hard work/being dead on is for nothing as most of the shitty non-shortable 799 financial companies are surging 30%+ today.
The good news all the blogger/short seller whining and debating doesn’t mean anything–the blogosphere/shortosphere are both just as powerless as ever–and this has created some awesome trading opportunities, several of which TIMalert subscribers, who had access to my sprawling watchlist of potential plays (which only subscribers can see at TIMalerts.com) waaaay early this morning, have profited.
For example, Reaper‘s made a few grand shorting NCT, HSWI and TRMP and Davey banked an easy $1,000 in profits shorting NCT. (I and others waited hours to try to get borrows on these and others like VSE/BPOP, but to no avail).
Wanna complain you couldn’t find shares to short? Or that when you stupidly bought into these squeezes you lost?
Don’t.
Welcome to the manipulation cake. It costs you nothing to try to reserve shares to short in these stocks that are practically gimmes and if you find shares and know what you’re doing (THIS has been know to help), it’s free money. If not, you’ve wasted a little time and effort, but you haven’t lost anything. Name another strategy with those qualities!
So enjoy it, the SEC may be financial terrorists, but they’re so incompetent, their attempt at trashing American ideals (freedom, capitalism) has failed and only awarded them the title of the most successful stock manipulators in history. (Although their manipulated short squeezes don’t seem to be very lasting and October 2nd will be here before you know it! America f%^& yeah!)
It’s funny/sad that while their job is supposed to be to prosecute stock manipulation, they’ve turned to the dark side and haven’t even profited from it (God knows they shoulda thrown the insider trading rule out the window and bought finance stocks for themselves, profited handsomely and increased their budget one-hundred-fold!) The financial companies better be giving them some nice stock promoter fees (where’s the disclaimer?) cuz they’ve done their job well, all other promoters should be taking notes.
Of course, the SEC does have the unique advantage in that they’re now the criminal, judge and jury all rolled into one so they can do whatever the hell they want. (Tip: promoters, you need to get someone on the inside, then you too can have the power…how hard can it be, doesn’t the SEC find its employees on Craigslist?)
God bless America! God bless financial corruption!
Posted in Cool Opportunities, Criminals, Manipulation, Scandals, Short Selling
Pingback: What Guru’s are Saying : Write-Offs: 09.19.08
Pingback: What Guru’s are Saying : Write-Offs: 09.19.08