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Author Topic: Phantom Share  (Read 752 times)

Offline Understudy

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Phantom Share
« on: March 09, 2009, 03:46:42 PM »
In March of 2007 Bloomberg News reported on a story of Phantom Shares. A tactic in short selling where as the broker sells discounted shares he doesn't actually have possession of.  This news clip is a little over 25 minutes but incredibly educational. If you have a mutual fund, 401K, or just own some stock you may be in for a rude awaking even more so that the Madoff ponzi scandal. If you combine this issue with the Madoff scandal , mortgage crisis, the auto industry collapse, and the AIG bailout. You can begin to see how scary it can get.

Phantom Shares

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Offline Jerrymac

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Re: Phantom Share
« Reply #1 on: March 09, 2009, 04:40:00 PM »
I have some ocean front property in New Mexico I would like to sell.
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Offline iddee

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Re: Phantom Share
« Reply #2 on: March 09, 2009, 07:35:51 PM »
Dang, Jerrymac, and I just bought some Friday. Sure wish I had known you were selling it.
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Offline Brian D. Bray

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Re: Phantom Share
« Reply #3 on: March 10, 2009, 07:09:53 PM »
I'm thinking of speculating in Realestate.

Buy a bunch of land in Nevada, Wait for the Big One in california, and sell it off as beach front property.
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