Belmont Club

By Richard Fernandez

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Where’s the bottom?

January 8, 2009 - 4:04 pm - by Richard Fernandez
buddy larsen
2009-01-10 10:22:14

Cramer says they were shorting their own stock –that is, selling it to me & slade at the same time they were shorting &leaking rumors to drive it down even more. How many of those rinse repeat cycles can you do during a two week 70% price crash? Well, a lot, the figures show it –those are about ten times normal short volume percentages. Talk about self-dealing. this is a whole new universe of it. It’s sickening –to do this to the fundamental national capital exchange in full knowledge that its successful operation depends inordinately on trust and confidence –and in full knowledge of how fragile and rare such attributes will always in the natural order be. We need perp walks.