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: Rande Is who wrote (283)	10/3/2001 4:31:20 PM
From: Alastair McIntosh	Read Replies (2) of 455

The Wall St. Journal article suggests that the SEC is proposing to modify, not repeal, short sale rules (probably temporarily, as a test) on only 100 to 150 stocks of large actively traded companies which would be difficult to manipulate. A short sale would still require an increase in the best bid. Presumably NASDAQ or OTCBB stocks would not be affected by this proposal as short selling in these securities is not regulated by the SEC. None of this certain as the SEC has not yet published their proposal. It appears that there will not be any change proposed for stocks trading 100,000 shares per day. Short selling will not drive any reputable company into bankruptcy. It could (and should) make it difficult for the scams whose main product is their own stock.

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