|
|
Post by celo on Feb 8, 2023 16:38:10 GMT -5
That is one of the reasons I invest rather than trade. I lack the situational awareness that the big boys have. It's rather like playing a field game and being the only one wearing blinkers. Over the long term the advantage that the big boys have fades because their timescale varies between short term, and very short term. Nobody is big enough to fix a price in the long term, nor is it in their interest (again, that short term problem). Invest for the fundamentals, don't try and trade unless you enjoy gambling. Do that and dark pools don't matter. Maybe your theory works for large caps but small to mid caps are getting torched by these Big Boys and the tools that they have at their disposal. Dark pools, naked shorting and other techniques (some that the public doesn't even know about) are used to kill companies and steal millions from retail investors over the long term. So yes it does matter IMO. The market is no longer transparent, fair & principled. IMO it affects investing more than trading. I agree there are some tools that large investment firms have to smash small caps into annihilation. Can you share some ways you think a common investor can create change or combat it. |
|
|
|
Post by prcgorman2 on Feb 8, 2023 16:54:16 GMT -5
Maybe your theory works for large caps but small to mid caps are getting torched by these Big Boys and the tools that they have at their disposal. Dark pools, naked shorting and other techniques (some that the public doesn't even know about) are used to kill companies and steal millions from retail investors over the long term. So yes it does matter IMO. The market is no longer transparent, fair & principled. IMO it affects investing more than trading. I agree there are some tools that large investment firms have to smash small caps into annihilation. Can you share some ways you think a common investor can create change or combat it. The stock exchanges are comprised of commercial enterprises with rules governing trading within the laws established by Congress and regulations established by the Securities & Exchange Commission. New exchanges can be created. I've wondered more than once if (retail) investors would like to trade and corporations would like to list on an exchange which did not permit naked shorting, or shorting at all. Complete transparency in trades and no allowance for dark pools could be features too. Call it a Fair Trade eXchange. We could call it FTX for short. Hmmm, maybe FTE would be better. Maybe track transactions using block-chain technology. (Easy to say, but blockchain governance and consensus algorithms would have to be interesting.)
Enough momentum within a collection of activist investors and corporations might be able to accomplish it. Looks like an opportunity for a business case for venture capital.
|
|
|
|
Post by cretin11 on Feb 8, 2023 17:37:27 GMT -5
Scary. Written in Sept. 2021. It would be interesting to see a review of the same information and statistics for 2022. What's changed? It's interesting that there is more obvious investing activism. I'm liking it. That is some very scary crap. Totally illegal and damaging. But, if any one knows a stock broker, I know a couple of them...... They cheat on thier wives, they say stupid things and in general they act like their above, better, and cooler than everyone else. This is why I do my own trading, I hope they all go to jail for life like Bernie did. Theres no room in this world for these kinds of people.... It makes me sick that hard working people get taken advantage of from the top down! That's an interesting website, Upside Chronicles. A collection of independent writers on various topics, clearly struggling to get viewership (based on the social media following) but they write well and on various topics. The author of the article Harry posted seems quite focused on GameStop. And speaking of "hard working people get taken advantage of from the top down" here's another good article by that author, featuring one of the largest investment firms (and which has a significant stake in MNKD) helped by a guy who has repeatedly brought shame on our highest court: upsidechronicles.com/2022/05/22/american-corruption-vanguard-group-inc-funds-red-pill-agenda/ |
|
|
|
Post by BD on Feb 8, 2023 17:57:24 GMT -5
That is one of the reasons I invest rather than trade. I lack the situational awareness that the big boys have. It's rather like playing a field game and being the only one wearing blinkers. Over the long term the advantage that the big boys have fades because their timescale varies between short term, and very short term. Nobody is big enough to fix a price in the long term, nor is it in their interest (again, that short term problem). Invest for the fundamentals, don't try and trade unless you enjoy gambling. Do that and dark pools don't matter. OTOH, being one of the "small" boys trading has the advantage of total stealth. When the big boys make moves, the market notices. If you're small fry, you can trade any which way you want with total impunity. Your moves won't move the market. |
|
|
|
Post by JEvans on Feb 8, 2023 19:44:30 GMT -5
That is some very scary crap. Totally illegal and damaging. But, if any one knows a stock broker, I know a couple of them...... They cheat on thier wives, they say stupid things and in general they act like their above, better, and cooler than everyone else. This is why I do my own trading, I hope they all go to jail for life like Bernie did. Theres no room in this world for these kinds of people.... It makes me sick that hard working people get taken advantage of from the top down! That's an interesting website, Upside Chronicles. A collection of independent writers on various topics, clearly struggling to get viewership (based on the social media following) but they write well and on various topics. The author of the article Harry posted seems quite focused on GameStop. And speaking of "hard working people get taken advantage of from the top down" here's another good article by that author, featuring one of the largest investment firms (and which has a significant stake in MNKD) helped by a guy who has repeatedly brought shame on our highest court: upsidechronicles.com/2022/05/22/american-corruption-vanguard-group-inc-funds-red-pill-agenda/Thanks for that info Cretin11 regarding Injustice Alito and Vangaurd..... |
|
|
|
Post by harryx1 on Feb 9, 2023 9:28:37 GMT -5
|
|
|
|
Post by cretin11 on Feb 9, 2023 10:40:31 GMT -5
"Top 4 things I hear from CEOs who don't take action (1) I don't want to make the SEC mad at me (2) I don't want to make Wall St mad at me (3) I simply don't know (4) Naked what?"
I wonder which applies to our MNKD?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 9, 2023 11:16:42 GMT -5
"Top 4 things I hear from CEOs who don't take action (1) I don't want to make the SEC mad at me (2) I don't want to make Wall St mad at me (3) I simply don't know (4) Naked what?" I wonder which applies to our MNKD? I would tend to lead toward #4... |
|
|
|
Post by phdedieu12 on Feb 9, 2023 11:47:28 GMT -5
"Top 4 things I hear from CEOs who don't take action (1) I don't want to make the SEC mad at me (2) I don't want to make Wall St mad at me (3) I simply don't know (4) Naked what?" I wonder which applies to our MNKD? I would tend to lead toward #4... Because? |
|
|
|
Post by JEvans on Feb 9, 2023 12:50:06 GMT -5
I would tend to lead toward #4... Because? Not to long ago, when I heard the term Naked Shorting I didn't think much about it. I guessed it was 'just' another not good, but legal way to trade, make money and short stock. It wasn't until I actualy did some research into what it was that I realized what the term meant. I couldn't believe this was currently actually going on and at such a large scale. If I could 'so to speak', walk into a bank and take money out of the safes and not get in trouble for it, I'd probably do it too. This type of piracy trading should be called something that unaware people like I was, and I assume that there are many, many people like I was out there, something more real and alarming, such as Hijack shorting, seize, steal, Piracy Shorting or Scam Shorting, Swindle Shorting, Scheme Shorting. This way it gets the attention it deserves. |
|
|
|
Post by phdedieu12 on Feb 9, 2023 13:00:19 GMT -5
Not to long ago, when I heard the term Naked Shorting I didn't think much about it. I guessed it was 'just' another not good, but legal way to trade, make money and short stock. It wasn't until I actualy did some research into what it was that I realized what the term meant. I couldn't believe this was currently actually going on and at such a large scale. If I could 'so to speak', walk into a bank and take money out of the safes and not get in trouble for it, I'd probably do it too. This type of piracy trading should be called something that unaware people like I was, and I assume that there are many, many people like I was out there, something more real and alarming, such as Hijack shorting, seize, steal, Piracy Shorting or Scam Shorting, Swindle Shorting, Scheme Shorting. This way it gets the attention it deserves. I think my question is why would you think Mike isn't aware of what Naked Shorting is, I think that was the question.... |
|
|
|
Post by sportsrancho on Feb 9, 2023 13:14:34 GMT -5
He knows what naked shorting is. I think the only people he doesn’t wanna make mad is the FDA.
|
|
|
|
Post by JEvans on Feb 9, 2023 13:15:49 GMT -5
Not to long ago, when I heard the term Naked Shorting I didn't think much about it. I guessed it was 'just' another not good, but legal way to trade, make money and short stock. It wasn't until I actualy did some research into what it was that I realized what the term meant. I couldn't believe this was currently actually going on and at such a large scale. If I could 'so to speak', walk into a bank and take money out of the safes and not get in trouble for it, I'd probably do it too. This type of piracy trading should be called something that unaware people like I was, and I assume that there are many, many people like I was out there, something more real and alarming, such as Hijack shorting, seize, steal, Piracy Shorting or Scam Shorting, Swindle Shorting, Scheme Shorting. This way it gets the attention it deserves. I think my question is why would you think Mike isn't aware of what Naked Shorting is, I think that was the question.... I think its one of those things that you might feel that you dont want to draw attention too and like I said, its done without punishment! I think until real laws are set in place where heavy heavy jail sentances and life altering fines are set in place to anyone who steals, cheats and scams anyone, anybody, anything, and specially life savings accounts, there is not much you can do other than DOMINATE our field of work and peers. |
|
|
|
Post by prcgorman2 on Feb 9, 2023 13:29:04 GMT -5
Multiple interesting things here about the "Top 4 things" Tweet from Roger James Hamilton. (Does he go by Roger or Roger James? He's basically got 3 last names.)
Anyway, I don't know who RJH is, but it is interesting he's able to talk to CEOs. I have too on a very few occasions and its been my experience its definitely easier to talk to a CEO of a small company than of a Fortune 50.
I think the question (that he didn't say he asked) about a CEO doing "something" about naked shorting is an odd question to ask. Asking the question seems to imply there are things the CEO should do, and that the person proposing the interrogative has some concept of what those actions are.
We know that prior to Mike Castagna's tenure at Mannkind, there were instances when MNKD appeared on the FCC's Regulation SHO warnings about excessive Failure To Deliver (FTD) naked shorting. As far as we know, Mike's predecessor, Matt Pfeffer, didn't do anything overt about the naked shorting (although I think Matt P might have once mumbled something about asking the SEC to investigate).
If I had been in Matt's shoes and been asked by RJH what I would do about naked shorting of MNKD, I think I might have given one of the 3 answers that weren't "Naked what?". Except for perhaps Martin Shkreli, who would want to irritate the SEC? And if you're already getting your stock hammered by Wall Street thugs, who would want to dare them to do worse? There will be some like the (former?) weirdo CEO at Overstock.com who would take on Wall Street, but definitely the exception so should we blame them, or sympathize?
I suspect the action I would try to take would be to put my company in a position such that naked shorting posed a reduced or eliminated threat. A sufficient stock buyback program would do that. I might even try to take the company private.
But what I am interested to know is, what does RJH think CEOs should be doing about naked shorting?
|
|
|
|
Post by BD on Feb 9, 2023 14:15:56 GMT -5
If you're going to naked short a company, you want it to be a scam or at least have one foot in the grave already. That way, when it is delisted, there's no obligation to cover.
Companies screaming bloody murder about being naked shorted are, basically, saying, "Look, we're in bad shape, just the kind of company naked shorts love. And look! There they are!"
I think it's a bit of a lose-lose situation. I'm embarrassed to say I had money in a Pink Sheet stock that speculators (couldn't call us investors) were convinced was going down due to naked shorting. As it turns out, there was naked shorting, but the company was also a total sleazy scam, got delisted, and nobody gave a hoot about the naked shorting after that.
|
|
