Investment Chat Board Lawsuits for Pros – moderated Message Board

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Pastimes : Investment Chat Board Lawsuits for Pros – moderated

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To: Kevin Podsiadlik who wrote (88)	4/17/2005 11:24:12 AM
From: rrufff	Read Replies (1) of 120

Opinions Kevin - lies are mis-statements of facts. I read the SEC report and the response. I tend to be a middle of the roader. By that, I agree that many scammy companies want to use this as an excuse. OTOH, there are many developmental stage companies that have a hard time once the naked shorts get an opening. The abuses in naked shorting are IMO a function of hedge funds and MM abuse of their exception. That's a simplification. What I've been advocating is a thorough investigation and re-write of the SEC acts and then regs thereunder. Irrespective of your view, I can't understand why the hedgie shortie crowd wouldn't want that unless perhaps it takes away their livelihood. As far as Overstock goes, every time I've looked at it, I thought it was too expensive. Of course, each time I said that, it went up. Again, I'd prefer to go with Byrne's message which was well-written and understandable, something needed to keep this before the public.

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