Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: KevinMark who wrote (14105)	8/18/1999 11:28:00 PM
From: Kimberly Lee	Read Replies (4) of 108040

From what I heard, Van Buren knowingly allows naked short selling of any IPOs any time so long as the daytraders close out their trades by the end of the day. Even without the underwriters approaching the SEC, the latter has already been cracking down on such and other illegal practices since the Atlanta incident. The market makers in the equity can still short the stock any time they want, but the daytraders who have been riding the shorting mms' coattails will soon come to an end.

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