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Strategies & Market Trends : Americans 4 "No Own - No Sell"
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To: Ga Bard who wrote (261)10/3/2001 6:31:34 PM
From: Nazbuster  Read Replies (1) of 455
 
Bard,

Sorry, charlie, that dog don't bark. It is YOU who can't read, besides being an atrocious writer. Bard? Give me a break.

If you don't want your shares loaned out, DON'T SIGN THAT AGREEMENT. You explicitly GRANT THEM ALL THE PERMISSIONS IN THE AGREEMENT when you sign. One of those permissions is the right to loan out the shares without notice to you. If you don't like this provision, don't sign.

As I said originally, YOU HAVE A REMEDY: Put the shares in a cash account. In fact, I just called Dreyfus and they informed me that not only are your shares protected from lending in a cash account, they do not loan out shares in margin accounts unless there is a debit balance in the account -- you are using a margin loan. I asked if this was their company policy or a SEC rule, and they replied that it was a SEC rule. (I'm trying to locate the rule.)

Bottom line: You are a ranter. You refuse to acknowledge common sense. You spew propaganda and claim it to be logic.

Go pass your cool aid out to the rest of the whiners who think the market should be rigged to support the longs at any cost. Who do you think sells those long shares to you? You think they come from "investors"? The MM's who make a market in the stocks sell them to you out of their inventory or as NAKED SHORTS. Without their ability to make those markets with naked shares, you'd have unbelievable volatility in prices as good news bids up the price while no one wants to sell and bad news drives prices down mercilessly because there are no short positions to cover. Shorting provides a natural smoothing to the market.

In any case, continue with your ranting if you choose. You are a pointless waste of my time.
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