Naked Shorting, Tool of the Financial Elite

in #busy4 years ago (edited)

Monopoly.jpg
source


This is a (great) guest post by @dometech, who actually has an account now... just hasn't done a thing with it. He asked to borrow my audience again and I of course obliged. Part one will be posted here and part two on his own page, hopefully, tomorrow.


Part 2 Here


---

naked shorting

---


As I am old enough to have my bumbling with technology cue an in-audience laughtrack I thought it best to have @mitthradiumn post this for me, though I do intend on figuring out this platform eventually. I also want to thank all the people who left feedback or upvotes on my previous post, thank you.

Also pertaining to my age; my primary experience and knowledge base is related to traditional investing, so my articles will most likely be as well.

I would like to rant about my personal ass-hole-cat of a pet peeve regarding the pathetic lack of response from our regulatory authorities in taking action against organized shorts with massive naked shorting campaigns.
To put what I'm about to write about into context: I have been substantially invested, for both the expected +% ROI and a genuine belief in the company and its product, which I go into more detail here, a company called Nexoptic (NXO on TSX).nIt has been thoroughly and fairly documented that NXO was the victim of a well organized short-take down last April when the stock had soared to the 3.76 level from, I believe, somewhere in 1.80 range previous market close. There were 2 hatchet smear articles published on Seeking Alpha at that time by "Keubiko" and "Grumpy Bear" which were exhaustive short themed articles attacking NXO that turned out to be the leading edge of a massive short attack which was supported by paid bashers on these various stock analysis sites.

The remnants of that attack are still felt today with the share price barely above 1 dollar despite virtually everything stated in those articles having been proven false. Alsothere has been tremendous progress in the company with patent approval, the progression of their cell phone lens development and announcements regarding partnering with high end developers like New Deal Design, Synapse etc. Their board has been revamped and tremendously strengthened with the likes of Arch Meredith and Karen "Fleming".

There is strong suggestive evidence that the Anson Group was involved in this attack and they are notorious for this activity, having been sued previously by Nobilis Health and Catalyst. I spent some time reviewing some of the articles they used to undermine Nobilis (surprise, also published on Seeking Alpha) and it reads exactly like the "Grumpy Bear" article.

---

now the real shit

---

And on top of this there is grossly manipulative trading behavior where there were thousands of stacked 100 and 200 share buy/sell bids. No one in their right mind buys and sells a 1 dollar stock at 100 share allotments given that you will automatically be down a minimum of 10% given the brokerage fees. Don't forget the regular spoofing of large sell orders that appeared, disappeared, and reappeared during the height of the short and distort campaign some which were in excess of 100,000 at one price and/or split over multiple prices, which has occurred of late.

This is clearly illegal behavior that you would have to be blind to ignore, but our regulatory authorities refuse to deal with it, and often, cause it.

The Hedge funds involved are like the bullies in the playground stealing little kids lunch money, with the small retail investor taking over the child's role. The trading houses and banks are active participants reaping millions in brokerage fees.

When these large entities decide to short a small junior with a market cap of less than 500 million: they do not stand a chance. It is going down regardless of how good their tech, people or execution are.

What we are talking about is organized crime at the highest levels with the collusion of the banks, brokerage houses and our regulatory authorities. Is this behavior really any different or less corrosive to society than drug running, prostitution, or other activities that are prosecuted to the full extent of the law?

Naked Shorting is the tool of the elite shorter where the trading house will let the fund sell shares that DO NOT EXIST. What could be more illegal than that? Where there are no shares available to back the short, they will just make up a sell order, backed by nothing. This is counterfeiting shares. Say every NXO shareholder miraculously wound up holding their shares, steadfastly refusing to sell. All shares issued by the company are not trading, being held close to the chest, but there could STILL be massive amounts of selling and buying of counterfeit shares that have been pumped into circulation by naked shorts. Talk about having the deck stacked against you.

When does it end? Are we doomed to carry this cancer diagnosis of shortitis forevermore? It ends when revenue is generated and the path forward to massive growth in that revenue is so compelling that they move on to greener pastures to repeat the whole procedure on some other poor company.

I cannot understand the passivity of attitude that accompanies this by most investors. I believe most people just don't understand the process, and there is this underlying belief that it must be legal or " they" could not get away with it.

What we are talking about here is the privilege of the elite to steal with impunity right in front of the noses of the regulators, if not shoving twenties up their nostrils.

Let's hope that Nexoptic will grow up to be one nasty, massive, tattooed mother with a long memory. To my way of thinking these short entities whose elite members rub shoulders with the elite of the world, are no better than common thugs. In a perfect world they would be prosecuted and spend a fair number of years incarcerated, broker fee naturally adding to the sentence, worrying about the interest rate on their commissary account.


---

dis(claimer/closure)

---


I am substantially invested in Nexoptic and stand to gain from its success. You should not invest unless prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.

written by

@dometech


Part 2 Here


Sort:  

The @OriginalWorks bot has determined this post by @mitthradiumn to be original material and upvoted it!

ezgif.com-resize.gif

To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

Please note that this is a BETA version. Feel free to leave a reply if you feel this is an error to help improve accuracy.

This is so awesome, really like this

Really thanks to @dometech and wait for part two as tomorrow @mitthradiumn

Thanks and thanks, dometech posted part 2 here https://steemit.com/steem/@dometech/naked-shorting-part-2

Nice work I really like your article

chill bruh

he's mine now

Thanks, not mine however. @dometech's the author. he also managed to loose his password without ever logging on more than once I think. Regardless some variation of a hip way to save time saying "dome-technology" should have a new account set up soon to respond to comments and post the 2nd part.

I used to be a stockbroker and agree with your analysis completely. This kind of crap is part of what made me leave the industry.

There is constant corruption, and not only do the regulators not do a damned thing about it, but they actively encourage and profit from it themselves. Talk about foxes guarding the hen house.

Are you making a living off crypto? Regardless, congrats on getting out of that shit. Moral shit aside, I remember when I got my first big payday so to speak, and how I didn't even feel vaguely pleased, rather a dull cold hunger, intestines gruntin "this is not enough". Can't imagine going like that for long

Yeah, you hit the nail on the head.

If you can't feel good about how you're making a living, there is no point in staying, regardless of the money. At least that's how it made me feel.

(also read: he's pissed he went w/ nxo when I tipped him off to the crypto boom last year)

Although Mitth was a regular caller extoling the virtues of crypto, I was a victim of my age and experience and have decided to stick with a traditional investing style, which largely includes NXO. I am tired of hearing " I told you so" but what should I expect, as he was always a saucy bitch ,since I helped spawn him 27 years ago.

lol as graceful a loser as ever i see

I never knew that was how the so called elite get away with taking down companies, now I do, I await part 2, so will have to add his other account up, cheers.

Took him a bit longer than expected, but here it is https://steemit.com/steem/@dometech/naked-shorting-part-2

Thank you very much, I did add him to my following list also.

haha no reason to thanks me, glad you enjoyed dometech's writing as much as me.
stock market fuckery was completely perplexing (mostly to me too) until he explained it to me

He has also joined in a competition I am doing, giving away 1.5sbd to best newcomers articles under rep 45 :-)

Nice post

Nic post

I Follow you

Sneaky Ninja Attack! You have been defended with a 6.86% vote... I was summoned by @mitthradiumn! I have done their bidding and now I will vanish...Whoosh

You got a 10.87% upvote from @allaz courtesy of @mitthradiumn!

This post has received a 14.23 % upvote from @aksdwi thanks to: @mitthradiumn.

You got a 25.73% upvote from @mercurybot courtesy of @mitthradiumn!

Thank you @mitthradiumn for making a transfer to me for an upvote of 2.39% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?

This post has received a 2.73 % upvote from @booster thanks to: @mitthradiumn.

This post was upvoted and resteemed by @resteemr!
Thank you for using @resteemr.


@resteemr is a low price resteem service.
Check what @resteemr can do for you. Introduction of resteemr.

You got a 0.94% upvote from @upme requested by: @mitthradiumn.
Send at least 2.5 SBD to @upme with a post link in the memo field to receive upvote next round.
To support our activity, please vote for my master @suggeelson, as a STEEM Witness

This post was resteemed by @steemvote and received a 25.53% Upvote

Thank you for using F-RESTEEM service and supporting @fresteem.
Your post is resteemed and upvoted for your 0.001 sbd or steem.
Introduction of F-RESTEEM service.
dsividers-2450827_640.png
Low price resteem service : F-RESTEEM. Come again and support me.

You got a 1.02% upvote from @postpromoter courtesy of @mitthradiumn! Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

Upvoted with 95.9% by @randofish

This post has received a 18.52 % upvote, thanks to: @mitthradiumn.

This post has received gratitude of 0.53 % from @appreciator thanks to: @mitthradiumn.

You got a 36.43% upvote from @upmewhale courtesy of @mitthradiumn!

You got a 66.67% upvote from @minnowvotes thanks to @mitthradiumn!

This post has received a 12.22 % upvote from thanks to: @mitthradiumn.
For more information, click here!!!!
Send minimum 0.100 SBD to bid for votes.

Before sending a transfer to @minnowhelper, verify that your publication meets these conditions (http://www.minnowhelper.com/conditions.php). After the transfer is made, no claims will be received.


The Minnowhelper team is still looking for investors (Minimum 10 SP), if you are interested in this, read the conditions of how to invest click here!!!
ROI Calculator for Investors click here!!!

You got upvoted from @adriatik bot! Thank you to you for using our service. We really hope this will hope to promote your quality content!

This post has received a 0.09 % upvote from @drotto thanks to: @vallurivikram.

Resteemed by @resteembot! Good Luck!
The resteem was paid by @vallurivikram
Curious?
The @resteembot's introduction post
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by mitthradiumn from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Resteemed by @resteembot! Good Luck!
Curious?
The @resteembot's introduction post
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.

14.jpg

This post was resteemed & upvoted by @superbot - the Best Resteem bot on Planet !
Good Luck!

Follow first ,
Send 0.100 Steem/Steem Dollar and the URL in the memo that you want resteemed and upvoted + get Followed !

So don't waste any time ! Get More Followers and gain more Visibility With Superbot

If you would like to support this bot , Please don't forget to upvote this post !
Also if you would like to trade in cryptocurrencies , Use this link to help us grow more -
https://www.binance.com/?ref=10830296

Stay Super !

Intro-New.gif

Stop using the "Resteem Bot" label for scaming people!
@resteem.bot

This guy a fraud? I guess I didn't do any due dilligence, but damn that's high quality scamming for Steem (the gif etc)

Yes, he has stolen our textes and copyed every concept idea from us, the original you will find here:
https://steemit.com/steemit/@resteem.bot/steemit-resteem-bot-faq

@resteem.bot

Color scheme too eh lol? Rough, you should contact the admins at steembottracker.com, he's listed (very bottom) and you're not.

Could be, but the colors are not the problem.
@resteem.bot

@mitthradiumn - Not trying to Interfere but can you please tell me how i am i scamming people? I take Steem/Steem dollar and Resteem and upvote their post as promised , What other features can i offer? I don't know what's wrong but he thinks he is the owner of the word "resteem" , I even removed that from my message but he thinks I am copying His every move , you can check my Resteem message i am nowhere close to copying him .

Scamming means taking people's money and not doing anything in return , i don't know how asking people Steem for Resteem services became a registered trademark , He has been harrasing me , flagging my posts and even abusing me , I'm not saying take my side or use my service , that is your choice but atleast listen to both sides before coming to a conclusion . I made my own logo < own design and have been Providing Resteem service as all other bots and i am even listed on steembottracker .

This community is to help each other and grow but all he is doing is spreading Hate , Just want to clarify that i am nowhere scamming or doing any fraud .

English language is exactly the same , how do you think i can ask people? Language and Sentences are same in every airplane and in every airline's safety manual , that does not mean they are copying each other , that means they serve the same Purpose .

How on earth can someone copy his FAQ? Really?

How much does it cost? (is this a trademark?)
How much time it will take? (Like Really?)

This is how steemit works it's not like a creative writing my friend!!

I hope you will understand !

Tk Cr

Hey buddy, I paid for your services and was pretty sure you did your job, I was just responding to the other gentlemen who accused you of scamming. Frankly this is between the two of you, I don't want to get involved.

I wasn't accusing you of anything, I was suggesting the other fella take his complaints to the people who deal with this stuff, because you're right, this isn't creative writing and I don't know enough about this topic to have a valid opinion.

I apologize if i said anything wrong sir but you mentioned scam in your messages and i am just clarifying myself .

Thanks for understanding , I know you don't have any business and this is between both of us . Please have a look at his FAQ page and please see for yourself whether i am copying him ?

Here are both FAQ pages -

@resteem.bot - https://steemit.com/steemit/@resteem.bot/steemit-resteem-bot-faq

@superbot - https://steemit.com/steemit/@superbot/superbot-the-best-resteem-bot-on-steemit#@resteem.bot/re-superbot-superbot-the-best-resteem-bot-on-steemit-20180118t090203428z

If asking simple questions like "how it works" , "how to pay" is scamming and copying then yes i have copied him .

Coin Marketplace

STEEM 0.30
TRX 0.06
JST 0.040
BTC 35791.37
ETH 2504.93
USDT 1.00
SBD 4.00