Americans 4 "No Own - No Sell" Message Board

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Strategies & Market Trends : Americans 4 "No Own - No Sell"

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To: joseph krinsky who wrote (101)	10/1/2001 3:58:06 PM
From: Mark L.	Read Replies (1) of 455

Thank you. The reason I'm looking for examples is because that IS the part of the post which I was responding to and am interested in. I understand that it may not be your interest, but it WAS of interest evidently to the person who wrote the post. I think KREM is a good example. I don't remember any posts or websites or news releases from shortsellers which misled anybody on KREM. The issue on KREM was always valuation. Shortsellers believed one thing; investors believed something else. To my recollection KREM is the biggest gainer among all IPO's of the last few years. Its stock has never plunged. So it's hard for me to see how investors were adversely affected by shorting. On a larger issue, I feel that Ga Bard has adopted the cloak of an "investor", and I must say I'm a little bothered by that. I dare say that I'm probably the only investor posting on this thread. I'm probably the only person who has funded development-stage private companies and am probably the only one who has a number of investments in publicly-traded companies where the investment has remained undisturbed for over a decade. Thus, I feel that I have the mindset of an investor. But none of the shortselling issues which Ga Bard brings up are of concern to me. At all. And I expect that they would be of no concern to other long-term investors. I don't ever recall Warren Buffett being concerned about shortsellers. What IS of concern to me is any change in current rules relating to shorting--if for no other reason than that I'd have no way of hedging investments. Also, I'd have no way of writing puts. I could be wrong, but my gut feeling is that this is a campaign by a day-trader who is adopting the mantle of an investor for his own ends. And, since Ga Bard is comparing himself to George Bush, I think I'll follow suit by comparing him to the Taliban leaders: like the Taliban who pretend to be devout Muslims to foster a campaign of repression and violence repudiated by hundreds of millions of Muslims throughout the world, so Ga Bard is pretending to be an investor to foster a campaign against shortselling, a practice which is just fine by real investors and always has been.

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