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Non-Tech : Bill Wexler's Dog Pound
REFR 1.730+10.2%3:57 PM EST
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To: Bill Wexler who started this subject7/30/2001 6:07:22 PM
From: BinkY2K  Read Replies (1) of 10293
 
Any thoughts on AREM?

I am making clear that I want a serious discussion of another topic. There are people here, like Hank, that I do appreciate and want some views.

First, I have never had a position in AREM, long or short. No stock or options. I have no intention of taking such a position. I don't care if any of you is long or short. I want to discuss some philosophy but the results may have a major effect on other stocks.

OK?

I am especially interested in hearing from Wexler on what may be a neutral subject.

As I understand it, AREM may or may not be a bad stock. Clearly some shorts think it is and have hoit it heavily. It has a major stockholder who seems to have rallied the longs. The company may be using a novel technique to deal with the shorts, especially if there is some illegal form of naked shorting. As I understand it, it boils down to replacing old shares with new shares so the clearing house needs to issue new certificates. Someone may want to explain it.

AREM was halted today. Not sure yet why but it could relate to what is happening. I hear rumors that some big players on the "street" would not be happy being caught cheating or in being forced to squeeze. They may be resisting applying rules like returning shares within 10 days of being called on them.

Clearly, if allowed to do this, it could make many other heavily shorted stocks dangerous for shorts. Since shorting is currently perfectly legal (when not abused) that would set a nasty precedent.

Remember. I am not picking sides here. I don't care about AREM. But I would find it a fascinating topic to seriously discuss here.

Fair enough?
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