Thursday, October 30, 2008

Success

Byrne is reporting that there is some success in curbing naked short selling..  Finally!

http://www.deepcapture.com/there-was-that-so-hard/

Posted by Mahyar Hashemi, at 2:34 PM

Thursday, September 25, 2008

Article by Dr. Byrne in Forbes.com

"While the SEC performs its best headless chicken imitation, we must not be distracted from the fundamental problem: Our system is rife with unsettled trades that are deliberate, persistent and massive."

A new article is in the 'links' section, written by Dr. Byrne

Posted by Mahyar Hashemi, at 1:58 PM

Thursday, September 4, 2008

An Inspiration of Market Rap

As a CEO of a major publicly traded company, Patrick Byrne could have easily laid back on his comfortable salary and satisfied himself as the typical secure high payed good old boys club company leader.  After all, does a CEO really NEED to care about the interests of shareholders?

To any experienced investor, that's good for a laugh.

Whether or not a stock goes up or down, a CEO can hand pick a friendly board of directors, put out company bylaws that entrench his position and make himself untouchable as a leader of a nice little corporate island.  But when Byrne saw that his company's shares along with others across the stock market were being manipulated in coordinated unethical, greedy and dispicable efforts, he fought back.  Like many thoughtful people, Byrne seemed to be outraged that people out there are getting away with profiting from destroying companies.  But Patrick Byrne is already rich and powerful.  Why should he go out of his way and risk himself to try and fix a very broken system?

I'm not sure.  But that's exactly what he is doing.  And he is an inspiration of this website and a champion for the rights of the investor.  Those who have nothing but criticism for him are likely part of effort that is this website's purpose to fight.  Together, in a place that understands the individual investor, we will have a powerful and overwhelming voice to change a broken system.

Posted by Mahyar Hashemi, at 3:06 AM