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Posted by: Sam Dan
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Date: Monday, October 12, 2009 6:15:28 AM </td> </tr> <tr> <td>
In reply to: None </td> <td>
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I normally do not post rumours, but my source is pretty reliable and knowing and the lack of SEC inability to control shorting {Congress still hasn't passed new rules]- The rumour [and I stress that all it is] says there is over 300 MILLION ahort sales after last week in LLEG.
Normally that might be bullish- but the rumour says these are "Naked" shorts which history shows are NEVER covered -SEC seems incapable of enforcing against this-especially on the pinks.
Could be a problem and doesn't show on O/S records.The shorts take the money and run.
Hope its not true.Otherwise everything looks positive