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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Cactus Jack who wrote (36618)3/4/2002 12:59:11 AM
From: sylvester80  Read Replies (1) of 99280
 
Why would be more massive? Their short selling rule now is no different than ours. I'm sure you'll eventually see a pull back like in all good rallies. But massive? I don't think so.

Looks to me the short sellers in Japan got greedy and now they are paying for it. No different than longs getting greedy at the top of the bubble.

"I know people say this is related to the fiscal year end, but that's not the case," says Shigeru Ariizumi, an FSA deputy director. He says the agency had been working on the new rules for months, and was spurred to act after it sanctioned a foreign brokerage firm, Morgan Stanley, on Feb. 3 for allegedly manipulating the market during a short-sale on Dec. 4. "When the rules have been taken advantage of, it's not right to just leave them [as is] in the market," Mr. Ariizumi says.
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