Hi Brian: Re >A Public Utility......< that even made me laugh,
very stupid choise of words for a lawyer..
I'm a "Will Rogers buff..an not some conspiracy buff, but do
have what is called a rat trap type mind..often my choice of
words is also stupid..but over the years my interpretations have
been very close, all I wanted to point out to you is that,
Short selling can and is often used to support a price, and
or accumulate stock..Program trading is a fact..it can be set
to pick up a few more shares on the down side..and often is.
If you have a problem accepting that it is OK with me, "if" you
think all short selling depresses the price..you have a one
track mind..( note the "if" ) anyway program short selling can go either way. Keep in mind a recent article
in the WSJ..pointed out that most 3/4ths of all borrowed stock,
is only borrowed for about 2/3rds of a day.
So I submit that with program trading and just a little cooperation
from the market makers, ( and GAPS up in the morning when the
close had a bid/ask spread with a bid/ask size favoring the
bid side, yet the MM in the morning uses market orders
to GAP up the price..and latter you see a retrace..all this
coming to me in real time..and with the buy side kicking in as
much as 4 points below the sell side..and when I know that on
normal day volume and blocks would not trade this amount of stock..then the same person or program that sold..also bought
Now because I did not recently fall off some cabbage truck, you do
should be more considerate when you make personal innuendoes
about me being some "conspiracy buff," I find that very offensive,
so you can tell well I guess that would make you GOD,
but I don't care if you are you owe me an apology.
Show me were I don't use delimitations, in any personal innuendo,
and I'll apologize for them.
jim
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