I say again get your facts correct before making false statements about other posters. The extract i posted is fact and very relevant to what people like me expect to be happening when risking my investments. People hedge all the time in all forms of business, I have never criticised or expected hedging not to happen. Creating false statements about securities or about people for that matter is what is wrong in my opinion. By the way, nor do I insult people like you appear to enjoy doing. Please ignore my postings if you do not like the them.
Fatlad - your griping about MM manipulation and lack of effective city regulation impacting the EMG share price is so amusing given that you seem to have forgotten that EMG is an asset and hedge fund manager and so would, therefore, in many a PI's mind be the perfect candidate for engaging in exactly the sort of practices you are complaining about (I'm not suggesting it has, btw, just pointing out the irony of your comments).
Don't get me wrong. I have no doubt there is plenty of manipulation and other dodgy practices going on in all the major financial centres and with little apparent consequence for the perpetrators - barely a day goes by without a fresh example in the news - but suggesting (as I think you are) that a certain hedge fund's share price is falling victim to such activities does rather seem to be a case of the pot calling the kettle black.
With respect to what has been posted today, here is just a short but relevant extract from The London Stock Exchange Rules & Regulations, concerning;-. 'Short selling Member firms are also obliged under rule 1400 not to do any act or engage in any course of conduct which is likely to damage the fairness or integrity of the Exchange’s markets, or which might create a false or misleading impression as to the markets or price of a security'.
It seems obvious that from what we both, and others have posted, (not forgetting what has happened lately with regard to broker target pricing or mm pricing), it can be deduced that there has indeed been a lack of regulatory processes being carried out .
'To continue with our Wild West theme, the good guy wouldn't even have needed to be carrying a gun if there had been a robust legal system and good law enforcement. It was a lack of good law and law enforcement that made the Wild West a dangerous place to be and resulted in many atrocities being committed, not a lack of regulation.' With the addition of 'I would say it was because of the lack of any regulation processes being carried out'.
By the way, even though AHL has not shown it has lost any value, Man's share is now manipulated to be down over 8% today on top of that fallback yesterday, even more than the Nikkei. I would say this is also because of the lack of any regulation processes being carried out.
Regulation and law good or bad should be applied equally to all and if the regulation or law is flawed then our democratic system should enable us to change it, sadly many cant even be bothered to vote at all! Anyway I have taken enough board time on this so back to emg! Tibbles.
There are three main reasons why such a numerous group, with fairly similar views, is not likely to be formed by the best but rather by the worst elements of any society. First, the higher the education and intelligence of individuals become, the more their tastes and views are differentiated. If we wish to find a high degree of uniformity in outlook, we have to descend to the regions of your moral and intellectual standards where the more primitive instincts prevail. This does not mean that the majority of people have low moral standards; it merely means that the largest group of people whose values are very similar are the people with low standards.
Second, since this group is not large enough to give sufficient weight to the leader's endeavors, he will have to increase their numbers by converting more to the same simple creed. He must gain the support of the docile and gullible, who have no strong convictions of their own but are ready to accept a ready-made system of values if it is only drummed into their ears sufficiently loudly and frequently. It will be those whose vague and imperfectly formed ideas are easily swayed and whose passions and emotions are readily aroused who will thus swell the ranks of the totalitarian party.
Third, to weld together a closely coherent body of supporters, the leader must appeal to a common human weakness. It seems to be easier for people to agree on a negative program — on the hatred of an enemy, on the envy of those better off - than on any positive task. The contrast between the "we" and the "they" is consequently always employed by those who seek the allegiance of huge masses. The enemy may be internal, like the "Jew" in Germany or the "kulak" in Russia, or he may be external. In any case, this technique has the great advantage of leaving the leader greater freedom of action than would almost any positive program.
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