Bitcoin Forum

That's right. Please pm me a list of assets (name and nr. of shares) you'd be willing to lend. Flexible arrangements available.

Awww! Well...there must still be some people with accounts.

Trying to short shares?

Which grantees do you give to return the shares in case you strategy doesn't work?

usagi was offering this service.

We do not lend shares to a romanian pedophile.

https://bitcointalk.org/index.php?topic=102333.0

Yes.


There'd be gpg-signed contracts of course. Such as this (http://polimedia.us/bitcoin/mphf.txt).

Why have you got that hideous looking bird as your avatar pic?

Wow, is this real? Then I have you to thank for my cheap Asicminer shares?

I already thought I was to late to buy some for a reasonable price.

Thank you very much.

Wrong, this is Mircea Popescu himself. This was his girlfriend account, but she is now gone or in a ditch somewhere.

Oh OK sorry MPOE, however it seems a bit unprofessional you set a pic of yourself dressed up like a strange middle aged vampire freak on the forum your trying to conduct your business on, especially when you're accused of distributing child porn on every thread you appear in!!

If you think the media will do a positive story about a stock exchange where child porn is hosted you are severely deluded.

To people who have pm'd : you will have an answer in ~6 hours.

Alas, this is one of my problems with Mircea's exchange.

I don't care about the porn. I don't care that Mircea doesn't care.

However, I am intelligent enough to know that other people do care - what is hosted in parallel reflects on MPex. If I was in a position to aggressively promote my competing bitcoin stock exchange I could at least get it its own domain.

The fact is that this man has no shame, morals or honor. This exchange will not end well.

I think he does care.  This whole exercise of borrowing shares is to be able to write CALL options without being naked, right?    :D

I might consider lending some shares, but could you explain what you are considering paying to borrow them? If the shares pay out dividends, do I get them or do you?

I won't lend you anything, but I would be willing to sell you some put options on NASTY shares if you were interested in short exposure to my asset on GLBSE. 

Stop and think for a moment. Do you want to keep your money with the strong or with the weak?


:D


That'd depend on the exact arrangement, but in general you get the dividends + a weekly %. There's a link above to an example contract.


Not really, but in any case it's meaningless to buy PUTs from the underlying issuer. If your asset goes bankrupt your PUTs pay how?

U so seely.

ciuciu has said now mircea hosts child porn and "cut up baby pictures". As far as I can tell, and I did a little digging, neither is remotely true in any way. So you don't like the guy, you think his website is obscene, quit making up serious lies or else prove it.

You'd be buying them from me, not the asset...  I would pay if the asset went bankrupt.  I understand your reasoning for trying to borrow shares, but if you want to put your money where your mouth is, I have a very established trading record and would be an honorable issuer of put options for NASTY. 

Maybe I am not understanding correctly, because I get the impression that buying put options ought to help prop up the price of the underlying.

Maybe it comes down to the privacy/secrecy of the options? Maybe if their existence is secret and not provable your idea might work?

But if they are known to exist, my reasoning is that if someone exists who knows they can sell the underlying for price X, people considering selling will try to sell to that person for as close to X as they can convince them to pay, if other potential buyers (who lack the ability to resell them for X) are offering substantially less than X.

Basically I figured that if a CEO could announce that Entity Y knows where/how to sell for X, folk would thank wow wherever/whoever Entity Y is selling it to must know something we don't, or even if the mysterious buyer(s) or market Entity X is selling to is an idiot surely Entity X will be willing to buy if we offer a price far enough below X for Entity Y to make a profit buying from us and reselling at price X.

I see this effect the Galactic Milieu in fact, where various group's access to places ways and means of selling various things at prices other groups do not know how or where to get, or are not equipped to get, imbues value into things even in the eyes/hands of the groups who do not themselves have their own routes to liquidity of those things.

Basically the fact that there does exist someone who can sell something creates some liquidity in that thing because it provides them with the potential to turn a profit on it any time they are able to pick some up cheaper than the price they know they can get for it in their own special boutique or shop or market or via their own marketing channels or whatever it is that gives them the ability to get better prices for it than others can get.

(In the case in point here, that mechanism being the holding of a put.)

So, wouldn't the use of puts cause the puppy to be upholding, at least to some extent, the prices of the very things it was founded to short?

EDIT: Oops I was thinking of the puppybear, which is in a different thread. Maybe others have other motivations to short things.

-MarkM-

In case no one understands what they are trying to do - this is it

1.Borrow your shares of a company listed on GLBSE, pay you x% to borrow them.

2.Sell your security, pocket the money

3.They are going to trash talk the hell out of any security they get a hold of, say it is going to 0.

4.Buy it back at close to 0

5.Give you back your now worthless stock plus your x%

In a regulated market this is securities fraud, but rarely if ever gets caught.

It happens every day in Yahoo finance, if you have never seen it just go look around Yahoo finance for 5 minutes.

Google "highest short percentage nasdaq" , go to yahoo and camp out.  It also works when the short get caught and the stock goes up- the shorts panic and start trash talking non stop.

This should get locked - I am new here but one stock exchange trying to short securities on another exchange is

SECURITIES FRAUD

Don't be a dumb ass- oh and I have no stock on GLBSE as of this post, so I have no reason to care

Those are some interesting points, but where does the "other exchange" come in?

non liquid market = ripe for manipulation


The exchanges like Nasdaq can't even keep up with what stock is shorted over 100%.

If someone steps in and buys up these stocks being shorted - and the trade goes the wrong way, who is paying the negative equity?

If I step in and buy you higher - how are you going to pay back the shares? 

You have to keep reserves to trade short, in case it goes bad

You owe money on that stock every second you own(borrow) it

Other exchange is Mpex

Look at OP

Are they not affiliated with a Bitcoin stock exchange? It says they are in the sig?

Sorry to burst your bubble, but as far as I can ascertain your very established track record is a 1 rating from Ignatius-otc. That's not much to go on.

Maybe your take on this entire thing is a little more emotional than financial.


Well, so let's test your theory. Mr P. already has some ASICMINER short as seen above, where's the "trash talk the hell out of" part?

An imagination is a wonderful thing. Don't let it take control of your head. Especially when you're new here.

Whatever excuse you need to use is fine.  Good luck getting people to loan you shares.

I'll just leave this here:

Far too bad conditions for the lender for my taste in the sample contract, good luck in finding someone else to borrow you shares for shorting/whatever.

Indeed

Don't be shy; PM your proposal, maybe something can be worked out.

Seems this needs a bump with all the arm-flailing going on.

Mods: wouldn't it maybe make sense to enforce a "one thread per company" rule in Securities too, so that self-centered idiots a la usagi don't spam the entire forum page with tons of threads about his bullshit "companies"?

Does anyone besides the asset issuers have anything left (that's trading still) in their portfolio?

Lol... I still have 2 ENTIRE shares of COGNITIVE :o

Maybe they're afraid to say so in case Nefario is watching and locks those assets.

IBB is still trading way above the IPO price (I am not sure why, it is currently about 5-10 times the NAV). BITCOINTORRENTZ has also been pretty steady.