CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: klinetime who wrote (7116)	6/25/1999 10:24:00 AM
From: David H. Zimmer	Read Replies (1) of 20297

Look for the volume to begin to dry up. That is normally a signal to the short sellers that covering could be somewhat difficult. Just prior to that one could see an attempt to create a panic. Did you ever wonder how many people sell stock in a cash account without prior owning the security then buy back before the end of a day. Phantom shorts, as I call them, is a tool that is under investigation by all regulatory agencies. Firms that are "self-clearing", like the ECNs, are the primary culprits. All too often they are forced to pay a fine, usually no more than $100,000 for their escapades, far less than what they made. Short sell rules are abused regularly. The tools to monitor this improper trading pattern are available but the correspondent clearing firms are averse to turning in these "bad boys" as they comprise a large portion of their business. I wonder what would happen if the correspondent clearers were paid to turn in the bad boys and their "ill gotten bounties" were turned over to those who were harmed by their actions. The time to better monitor this portion of the industry is at hand.

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