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Posted by Buff-Meister \"BUFFETTHATER\" on July 21, 2008, 6:41 pm
And the shill idiot of CNBC is now screaming that all ^short
selling be stopped, that the uptick rule be reset and that the
playing feild be "evened", evened in his favor, in favor of the
shills. Let the brokers use derivatives & the S&P options,
let the billionaires make more, lets find a way to screw the
small investor.
My take? If not for the shorts covering (and yes, they all
covered last week because 'we' know this would be the
next stage in a failing market within a failing economy) the
market would have already hit 7K.
And act quick, before another bonus of 2-10 Million gets cut,
before another CEO suffers a cut to $25 million, act quick
BEFORE THE LAST GOOD PAYING JOB LEAVES FOR
CHINA !!!!!!
The dice at the NYSE casino are always loaded against the
little guy and the short seller. Smart shorts have gotten out,
let em play games, shorts headed to gold and oil until the shill
idiots rig that market too.
When china or india stopped shorting, markets fell by 70%-
80%. Why? Lack of liquidity. No one buying back in
at higher or lower prices. Where does a stock go when the
buyer says "NO" ? A market maker takes the trade at
rock bottom prices in hope that he can recover his losses
later thru a legit sale.
Enough about this, i will be posting more on the subject at
WWW.STOCKHOUSE.CA
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