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Technology Stocks : THQ,Inc. (THQI)

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To: Zirdu who wrote (12898)1/29/2000 6:41:00 PM
From: Jim Munroe   of 14266
 
Re: 13G Reportinga

>>Regarding the Scudder position. I believe institutions are required to report every 3 months or so. At the 9/30/99 report Scudder did hold a substantial THQI position, though it was less than 5% of shares outstanding. You could look it up somewhere, and it was posted on Yahoo. At any rate, between 9/30/99 and 12/31/99 they increased that position to the point where it was more than 5% of the shares outstanding. The 5% figure is the threshold at which anyone needs to file a 13G, so they did.<<

Why is it that only long position of more than 5% requires disclosure?. Certainly a short position of 5% or more can have a big effect on the behavior of the stock (I suspect people here are aware of that aspect). That Chanos or Rocker can perform their manipulations from under a rock makes them all the more dangerous to the average investor. Is it reasonable to appeal to the SEC (or whoever) to request a change in disclosure law so that it applies to long or short positions. If these guys had to operate in the sunlight, they would be a lot less effective.
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