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Pastimes : Georgia Bard's Corner
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To: Ga Bard who wrote (7598)11/23/1999 5:39:00 PM
From: Lola  Read Replies (1) of 9440
 
Wow that is the kind of letter that will make the SEC take notice. You're amazing Gary.

You know people think that regular Canadians naked short the BBs and that we're nasty people for doing that etc etc etc. The real story is that it's not regular Canadians naked shorting the US BBs . . . it's a very short list of crooked brokerage houses who naked short BBs for their own accounts to make great profits on these pump and dump deals. They make money on both ends . . . when it goes up and when it goes down.

The poor American investor is left trying to figure out what the hell happened. So how and why do these crooked houses do this so often to the American investor? Because people like big dog exist and come up with these creative ways to screw investors. You have to stop them in their tracks . . . scream every time they try to run a pump and dump operation and there will be less incentive for them to continue raping the American investors.

The Canadian stock market has suffered alot over the last few years. While the US has seen a raging bull market Canada has been in a very bad bear market. This has made some of the less ethical brokerage houses look south of the border to make money. Unfortunately it proved to be so profitable for them that they seem to not want to do anything in Canada. Canadians are not as easily fooled . . . we've been screwed too many times already by the very same houses that are now screwing the American investors.

As regular Canadians we have no control over what these people do and because their acts cost losses to mostly American investors it is difficult for our regulators to really do anything about it. The US must put a stop to it themselves. We would like to help but we can't . . . we have no control over your regulations or the authority to make changes in your system. You must do that. Once you have done that we would be happy to invest in American companies and go long because American companies have alot to offer to the world . . . real American companies that is not the 95% of BS companies that are on the BBs today.

Then when a stock rallies it will be more often because a young company has come up with a neat and cool business idea than because some big fat *ss sent out 3000 emails and ran a pump and dump. That's not what America is about . . . fat guys getting rich. Show that fat *ss what America is about and put him out of business so the real American businesses can thrive.

Lola:)
Your Canadian friend
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