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Strategies & Market Trends : Short-selling - Information and discussion

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To: peter michaelson who wrote (10)12/2/2003 2:26:41 PM
From: rrufff  Read Replies (1) of 74
 
I basically agree with your points and commend you.

As I posted before, longs look on the appearance of shorts, particularly in a low-priced thinly-traded issue, as conspiratorial. Why? Because most can't short unless they go overseas bookie route. Add to that the sudden appearance of mindless bashing and you have the Yahoo game in action that has led to excesses both ways.

Unfortunately, our regulators don't have the resources to do a comprehensive overhaul even though you and I could probably sit down and do it in a couple of days <ggggg>. They have to "study" it and "committee" it to death. Bottom line - they have to cover their posteriors and are worried about their jobs. So better to pretend that they are actually doing something.

I'd like to see a group such as yours work together with a group that promotes issues for "longs" and come up with a comprehensive plan that address each and every one of the points you make, including the elimination or at least full disclosure in BIG PRINT of potential toxic financing and short selling by insiders. This group would also establish rules regulating hedge fund activities that come close or cross the manipulation line.
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