I'm not sure that there are more long scammers or more short scammers, particularly if measured by the amount of trades with each particular tactic.
I was just making the point that there are many more manipulators on the long side.
I don't believe it's important for us to determine this. There is enough scamming to go around as I outlined in the prior posts.
As to whether or not people believe one way or another, that's an assumption that you are making and it is an assumption that is made by many who seem to be defending naked short selling and the status quo.
As I pointed out in my just previous post to you, posting about a topic, as being a scam, does not mean you believe it is the only scam. It's disingenuous to claim it. Most understand that there is plenty of opportunity in the system to scam, whether it be in big cap, supposedly "safe" environments, such as Enron, WCOM, etc., to P&D plays and, yes, to the NSScamming. I don't think it's particularly useful to say that one or the other is less harmful to the markets. Any who loses money knows that this type of loss is very difficult to bear. It's one thing to lose money in an investment. It's another thing to lose money in a "scam."
After Enron et als., many left the market. After the euphoria of the internet scam and bursting of the bubble, many more left the market. IMO, if NSS and the current environment of abuses by MM's and some hedge funds and others is left alone, there will be the inevitable market crash, which will further deteriorate public confidence in the markets.
The silver lining will be that, at that point, the calls for remvamp of the system will be loud and more pervasive than they are now. |
