Re naked shorts!!!!!!!!!!!!!!!!!!!!Instead of whining and crying here get off your f as's and do something constructive call/email the reg authorities in regards to this and re instating the up tick rule.
Also mention the pre selling (naked SHORT) of pp being perpetrated by the brockerage industry
Lets get busy!!
Posted On: Monday, September 22, 2008, 12:12:00 PM EST
Consequences Is The Word To Remember
Author: Jim Sinclair
| | | | |
Dear Friends, If the actions this weekend had not been undertaken, the world’s financial system would now be directly inside a category 5 hurricane. Between now and the election, intervention to keep markets somewhat calm is being undertaken CONSEQUENCES is the word to remember. The devil is in the details. The purpose of this weekend's event is to attempt to consolidate a huge amount of OTC derivatives into one location in hopes of creating a wash. The point of this is to prevent OTC derivative counterparties from going broke. When an OTC derivative fails, notional value becomes real value. They got a taste of what a broken counterparty meant when Lehman went Chapter 11. It wasn’t pretty. Lehman Brothers, in Chapter 11, will be the first to benefit from the $700 billion to $1 trillion plus bailout. Do not let your guard down. Continue to take all the precautionary measures spoken about here. The dollar is toast around election time. Gold will trade at $1200 and $1650. The glory days of the naked short have passed even if they do not know it yet. Respectfully yours,
Jim |