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: Ga Bard who wrote (361)	10/5/2001 12:29:15 AM
From: joseph krinsky	Read Replies (2) of 455

IMO-Most if not all the things that are said about the benefits of short selling to the markets is based purely on opinion. Since there has always been shorting in the U.S. stock markets how can anyone say that if we suddenly stopped all shorting liquidity would vanish? How can anyone say that all the prices would rise to obscene levels? That all of these things would be the result of the lack of shorting. How can they say that the markets would do anything? Well, they can say it, but there's no data to support the statements. It's like saying that engines won't run properly unless they have a mixture of 88% gas, and 12% water. If you've never removed the water and tried it that way, how can you say the engines won't run properly? As far as bubbles go, we have shorting now, and bubbles occur. As far as obscene prices go, we have shorting now, and obscene prices occur. I'm all for tightening up the rules on shorting, and seeing what happens. Shorters have the ability to create shares and things should be tougher for them simply because they can do that. If they find that over time, say 2 years that it hurts the markets, then just starting eliminating the changes.

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