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New Bobo Blog - Humorous Video - The Market Shuffle

Location: Blogs Bob O'Brien's Sanity Check Blog    
Posted by:   bobo 5/24/2006 12:00 PM

Someone has a lot of time on their hands, and a very good sense of humor.

Check out our friends at Businessjive.com's most recent tour de force, "The Market Shuffle".

Where's Puff Daddy (or Pdiddy, or the symbol formerly known as puff, or whatever) when you need him?

Is this the makings of a Biggee/Toupac feud?

Could Jeff be any more mockable?

Too funny.
Copyright ©2006 Bob O'Brien
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Comments (14)
Re: New Bobo Blog - Humorous Video - The Market Shuffle By snoozern on 5/24/2006 12:33 PM
It doesn't matter what background music they put behind him, poor old Jeff got no rhythym.

Windows users may have to download Quicktime to view this file, link: http://www.apple.com/quicktime/download/win.html

Regards,
Rick
Re: New Bobo Blog - Humorous Video - The Market Shuffle By embraceyourinnerhillbilly on 5/24/2006 12:55 PM
Favorite JM quote: "What"?
Re: New Bobo Blog - Humorous Video - The Market Shuffle By bobo on 5/24/2006 1:01 PM
Stay tuned for his next hit, "Huh?"

From the hit album, "I don't know anything about that, playah".

What a cast of characters. And these are the parasites who are ripping off the country? Yikes.
Re: New Bobo Blog - Humorous Video - The Market Shuffle By jza4 on 5/24/2006 1:02 PM
JM and HG squirm a lot alike!! :-) They must be twins!
Re: New Bobo Blog - Humorous Video - The Market Shuffle By Niel Storts on 5/24/2006 2:54 PM
Never noticed back when it first came out but jeff proved the case for all of us. "I'm not short the stock. You can't borrow the stock." Following logic that means that the only shares for sale would have to be a legitimate holder willing to sell. Why couldn't Dr. Brynes recieve delivery the shares he attempted to pick up if it was not possible to sell the stock short? There is the smoking gun. Demand the answer to that simple question. It will have to be straight forward enough.
Re: New Bobo Blog - Humorous Video - The Market Shuffle By mhatmccane on 5/24/2006 4:29 PM
Patrick did much better in this interview than he did with Kudlow and the gang of four. Mainly because they kept cutting his sound when he tried to make a point.
Re: New Bobo Blog - Humorous Video - The Market Shuffle By bobo on 5/24/2006 6:09 PM
It is straightforward, Niel. Jeff is misdirecting, and the company has been on the SHO list for many months because Wall Street is printing shares out of thin air.

Counterfeiting.

That is the simple answer. Byrne pretty much exposed that when he showed his analysis of the positions open at the brokers versus at the DTCC.

The Street is just hoping that nobody notices this, or that nobody cares that the cards are marked and the die loaded.
Re: New Bobo Blog - Humorous Video - The Market Shuffle By ginger on 5/24/2006 6:37 PM
Bobo,

Next, Booyah Kramer writing BULL on his subpoena and chucking it on the floor... to music.
Re: New Bobo Blog - Humorous Video - The Market Shuffle By robelita on 5/24/2006 6:48 PM
"Give 'em the ax, Give 'em the ax, Give 'em the ax, the ax, the ax......
Right in the neck, right in the neck, right in the neck, the neck, the neck....."

"Curly" Howard
*** Just In **** By InTheKnow on 5/25/2006 2:42 AM
Bill would crack down on illegal 'naked short selling'
Overstock.com would benefit: Transactions meant to affect stock prices are targeted in a measure now before Huntsman
By Bob Mims
The Salt Lake Tribune



Overstock.com and other small, publicly traded Utah companies concerned about so-called "naked short selling" got a boost when state legislators voted Wednesday to crack down on the illegal practice.
With little debate, SB3004 quickly wound its way to overwhelming approval in both the Senate and House during Wednesday's special session.
"I'm glad to see Utah is taking this vanguard role," Overstock Chairman and CEO Patrick Byrne said. "And I predict this will make Utah the most attractive state for entrepreneurs and small companies in America."
Now awaiting Gov. Jon Huntsman Jr.'s signature, the law would get tough on stock brokers, dealers and investment advisers who engage in naked shorting of stocks - an illegal practice in which shares supposedly on loan are sold but not delivered.
Such "failure to deliver" transactions can result in counterfeit volume that can push down prices for a company's real shares. SB3004 would require sellers caught in such unredeemed short sales to report the incidents to the Utah Division of Securities - and reveal the identities of sellers and buyers, along with dates, locations and prices involved in the bogus transactions.
The bill calls for daily fines ranging from $10,000 to the sum of the sales prices for every bogus share sold. The bill also allows for victimized companies to sue perpetrators of the sales - but only as long as the alleged offending stock firm is registered in Utah.
Sponsoring Sen. Curtis Bramble, R-Provo, is uncertain how effective the law will be outside of Utah. But he hopes other states - and the federal government - will follow suit.
Overstock currently is embroiled in a California state lawsuit against market researcher Gradient Analytics and hedge fund Rocker Partners. The Utah company claims Gradient wrote false reports about Overstock in collusion with Rocker,
which then profited by short-selling the company's stock.
Bramble insisted his bill was not just to appease Overstock, a $1 billion company employing thousands of Utahns.
"It's not only [Overstock Chairman and CEO] Patrick Byrne," he said. "This is a problem that exists for all of Utah's publicly held companies when these 'bad actors' engage in illegal naked short selling."
Still, lawmakers clearly knew Wednesday that Byrne badly wanted the legislation: He said so in a letter sent to lawmakers.
"For the past 17 months, Overstock has shown up almost daily on a list published by [the Nasdaq exchange] that shows that Wall Street sharks are selling our stock to unwitting investors, taking their money, but then not delivering the promised stock," Byrne wrote in a letter dated Tuesday.
"I have been unable to stop this illegal activity," added Byrne. "I cannot even determine the identity of these miscreants or the actual volume of 'fake' shares sold each day. I believe transparency is crucial."
Utah Securities Director Wayne Klein agrees.
He said his division is engaged in "gathering information from the industry about short selling practices to determine whether violations are occurring now and, if so, what enforcement actions should be taken."
A nearly identical bill (SB269) fell short of a final vote in the House as the general session expired last March.
bmims@sltrib.com

Re: New Bobo Blog - Humorous Video - The Market Shuffle By gregcable2002 on 5/25/2006 3:58 AM
Fines won't work,we need criminal penalties and prison time for these thieves.
*** Of Course It Will Work *** By InTheKnow on 5/25/2006 4:46 AM
Hit them in the pocketbook and those trades become non-profitable no matter what!

This bill is no fluff matter and all the states are sure to follow or they will lose their business base.
Re: New Bobo Blog - Humorous Video - The Market Shuffle By Jeremiah 9:24 on 5/25/2006 8:21 AM
Hey, if anyone can get a copy of that bill as signed or to be signed by the Governor of Utah, I would suggest every one of us who gives a damn get a copy and send it to your State securities regulator(s) and your state legislative representatives and demand a similar law be passed here. If Utah can pass it, then let's see if Colorado, Florida, Nevada, South Carolina, etc., will do so. One State is great...ten states are even better.

This is something we can do to help; let's get on it.

Jeremiah 9:24
Re: New Bobo Blog - Humorous Video - The Market Shuffle By ginger on 5/25/2006 8:51 AM
"The bill calls for daily fines ranging from $10,000 to the sum of the sales prices for every bogus share sold. "

EVERY SHARE... EVERY DAY.

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