CHATROOM

The SEC Wants “Comments” On Their Five Short Selling Proposals, Fine Here’s My Five:

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First, if you don’t know the issue, this Marketwatch article gives a good overview.

OK, here are my comments:

1. The SEC has never been, nor will it ever be, about providing true market justice, they’re a tiny organization trying to regulate the greediest, most manipulative industry in the world & all they can do it through is by instilling fear and scapegoating what the dumb masses doesn’t understand. I tip a hat to you SEC, you’re doing a fine job, judging by the sales, or lack thereof, of my ShortStocking instructional DVD which teaches short selling strategy, very few people understand or even want to understand how to short sell.

2. Listen to THIS guy, ironically whose initials are J.C., he knows more about short selling than the rest of the world combined…infinitely smarter than the entire 800 person SEC staff combined.

3. Do what you gotta do SEC et al, as I preach in my ShortStocking DVD package, anybody who specializes/partakes in short selling knows the entire world is against them, no matter if the entire world is wrong (as usually happens in this biz). Successful short sellers are the smartest and sharpest around, we can adapt to anything you throw at us.

4. Unless the SEC has been taken over by scoundrels, they’re on my side when it comes to exposing fraud and pump and dumps…my strategy is left untouched, thank you very much!

5. New short selling restirctions are gooood! Propose all the rules you want, create more short squeezes, I short sell into forced buying and hype/manipulation…the SEC/government are some of the greatest manipulators around, you guys should be getting paid much more for your work, you guys should even get paid by or have stakes in the companies/carcasses you help prop up…oh wait :)

Posted in Manipulation, Short Selling

  • otss

    Just read a good piece on Jim Chanos… interesting stuff.

    These hedge fund managers are raking ridiculous money. By what it sounds like, there is a lot of shady business going on as you repeatedly outline over and over.

    The guy lost his wife at 50, seems like the typical story.

    I like the quote where he talks about playing derivatives. I guess a lot of people should be driving cabs.

    Is that how it happens Tim? Guy works for financial firm then branches out to his hedge fund for more money. What is it exactly that happens at these firms? Do they learn the “secretive” ways?

    It’s pretty obvious that these funds have an edge on everyone, having inside information, getting early information, etc.

  • otss

    Just read a good piece on Jim Chanos… interesting stuff.

    These hedge fund managers are raking ridiculous money. By what it sounds like, there is a lot of shady business going on as you repeatedly outline over and over.

    The guy lost his wife at 50, seems like the typical story.

    I like the quote where he talks about playing derivatives. I guess a lot of people should be driving cabs.

    Is that how it happens Tim? Guy works for financial firm then branches out to his hedge fund for more money. What is it exactly that happens at these firms? Do they learn the “secretive” ways?

    It’s pretty obvious that these funds have an edge on everyone, having inside information, getting early information, etc.

  • otss

    Not to take anything away from Chanos though. He’s obviously successful and had many failures before his success.

  • otss

    Not to take anything away from Chanos though. He’s obviously successful and had many failures before his success.