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Technology Stocks : INTERNET ASIA + Indexes

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To: Francois Goelo who wrote (1362)	10/17/1999 11:55:00 PM
From: who cares?	Read Replies (1) of 1567

Wake up Francois "Frankly, the incidents of actual naked shorting is much, much less than people think it is. Most of the cases referred to in the memos and press deal with instead illegal insider selling. Insiders and promoters in "pump and dump" schemes take big blocks up stock up north and use Canadian brokers to dump it into the market." You know what they're talking about don't you, you know, like the way XNET tanked when all the private placement people shorted against their locked up shares. Again, that article doesn't mention any new law or regulation, or say anything about your October 23 deadline, it just says that the brokerages are doing it volunteerily. Basically they're trying to get rid of the bad apple insiders and scummy touts like yourself, and thereby keep the authorities from investigating them all the time. If in the process they have to stop allowing legal naked shorting, then it just has to be done. Both the article you posted and this one back this up, it's not the shorts causing problems for the brokers, it's unscrupulous people like you that bring the heat down on them. CMB

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