Posted on 05/22/2002 11:06:54 AM PDT by RummyChick
One of the issues things I just read said he was depressed because the terrorist allegation still haunted him. Claimed it wasnt true. He did hard time. His face showed it.
Obviously had a hard time adjusting.
He had some kind of connection to the Wolf of Wall Street guy.
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Definitely a one trick pony.
Two posts!
Only made two posts. Both about elgindy.
Wonder what she thinks of him hanging himself
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Short-sellers do tend to be people with no calluses on their hands.
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It is weird as hell to be pinged to a 15 year old thread..and find out the dude killed himself
I feel old
Yes... Amr Elgindy got caught up in something and committed suicide in July 23, 2015... taking all his knowledge with him.
That was an interesting month politically.
One report said that not long before he did, his house was broken into and the thugs cut his finger off- or rather, forced him to do it so he wouldn’t forget. I wasn’tt familiar with that source though and wondered if anyone else here knew of it.
Since his case involves some crooked FBI agents, an improbable stock trade the day before 9/11, the Muslim Brotherhood, questionable unvetted immigrants, and the Democrats including the Clintons, I am wondering if crooked FBI agents or one with an axe to grind still employed might have some involvement.
I do that to people all the time... found out he committed suicide while digging around on the Brookings institute since those jokers seem so invested in impeaching Trump. Found his brother there, then wondered if there was anything new on Anthony.
He had a finger chopped early on during the trial. Saw people think it was a russian warning. Dont know about later.
Oh, really? How do you feel about him now? Do you think the late former SEAL Scott Helvenston might have revealed a little too much to his friend, given that his friend was using his relationship with two FBI agents and access to a database at the FBI for personal gain? Could Elgindy have been using his access to a contact in Blackwater in a similar fashion?
Did you know Anthony's Copt-hating brother as well?
Trader, FBI Agent Convicted in Stock Case 1010 WINS - NEW YORK ^ | Jan 24, 2005 12:59 pm US/Eastern | 1010wins Posted by Calpernia A former FBI agent and an Internet penny stock adviser were convicted Monday of mining government computers for confidential information they used to manipulate the stock market. Former agent Jeffrey Royer was convicted of racketeering, securities fraud, obstruction of justice and witness tampering for leaking details of FBI investigations and executives' criminal histories to San Diego stock picker Anthony Elgindy. Elgindy was convicted of racketeering, securities fraud and extortion for his role in the scheme.
You’ve got it right. Supply and demand drives the value of all assets in a market. Increasing the supply through the creation of “short share entitlements” increases the supply and results over time in a decrease in price if demand does not follow. Which it is likely not going to do on any typical stock over any typical period.
The uptick rule is irrelevant to market makers. If you were to buy 1000 put contracts with a Delta of .6 the market maker is going to short sell 60,000 shares which he is entitled to print via his exemption. In addition, the uptick rule is further irrelevant because the short seller is not seeking to make a gain in an hour or a day but over time. He can rely on normal market trading and supply/demand to erode the price over time. We can talk about ‘reverse conversions’ as well wherein a short seller will utilize the market maker exemption by simultaneously constructing an option transaction and a stock purchase from the market maker - the market making desk assumes the short position but is hedged through the options, while the short seller is effectively handed hundreds of thousands of “long shares” which he can sell into the market without regard for the uptick rule.
There is no market in the world which allows you to sell an asset belonging to a 3rd party. This is theft. It is all the more egregious that this is being done with the express intent of devaluing the asset so you can replace it at lower cost later. While this may be legal in our markets, it is a total breach of the spirit of fiduciary duty that stock brokers are allowed to do this with shares their clients entrust as a hopeful store of value in the future.
The “price discovery” comment is just as ludicrous. Short selling may help current and future purchasers of stock obtain a lower price but this comes at the expense of current stock holders who see value erode.
And of course, declining and even sideways moving stocks are usually the stocks investors choose to sell at any given time - especially at year end where the tax code encourages the dumping of losers to offset gains, which is an indirect aid to short sellers but not one that goes unnoticed by them.
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