Analysis of the numbers.

Deep Capture the Data

Dendreon’s Cancer Researchers vs. Hedge Funds & The Bootlick Journalists (or, What’s 18 Million Fails Among Friends?)

One of the arguments made with metronomic regularity by those defending illegal stock manipulation then unthinkingly regurgitated by their lapdog financial reporters is this: Prove the harm caused by illegal naked short selling. Well,...
Patrick Byrne
2 min read

940 Million Holes in the Wall: whither short sale ban?

On September 18, 2008, the SEC announced an emergency ban on short-selling. 797 tickers belonging to companies in the financial industry could not be shorted for the next three weeks. This was a drastic...
Evren Karpak
3 min read

Naked short selling hedge funds: is it ESP or just FTD?

Bidz.com is an online auction company which went public in May of 2007. Take a look at the company’s relatively short price history, to see if you can spot the abrupt 49% drop. (If you...
Judd Bagley
1 min read

Regulators Spring Into Action Against Naked Short Sellers. Or not.

As is explained in numerous pieces in DeepCapture, there are many cracks in the settlement system, one of them being the DTCC’s Continuous Net Settlement system, or CNS. I am highly confident that the...
Patrick Byrne
43 sec read

Hedge Funds to US Soldiers: “I need a Maybach, so… You can all die too.”

This story gets told in pictures, mostly. Take a Mercedes, stir in a couple hundred thousand dollars, and you get a car called a Maybach. Hedge fund guys in New York and Connecticut buy them. ===========================...
Patrick Byrne
1 min read

The DTCC’s CNS naked short selling residue

In a previous post I named various places where unsettled trades can accumulate: in the desks of brokers, in pre-netting among brokers, in the Continuous Net Settlement (CNS) system, in the Stock Borrow Program...
Patrick Byrne
2 min read

VeraSun Energy Failures to Deliver vs. Share Price

=========================== I suppose I should write something brimming with wit and brio about the chart above, but since 500 people lost their jobs today as VeraSun declared bankrupcy, I think I’ll skip that and...
Patrick Byrne
1 min read

There. Was That So Hard?

In mid-2004 the Securities & Exchange Commission (itself a kind of a joint venture of the US federal government and Wall Street) adopted Regulation SHO. Among other things, “Reg SHO” insisted that exchanges publish...
Patrick Byrne
54 sec read