Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 41.26

+5.3%

Nov 28 4:00 PM EST

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To: robert b furman who wrote (16468)	6/14/2004 12:12:55 PM
From: HairBall	Read Replies (1) of 207089

Let me preface this post by saying I sell short a fair amount... The whole concept that shares can be borrowed and sold is nothing short of bizarre and ripe for corruption. IMO if this scandal is real (and it would not surprise me), I suspect a public disclosure would produce a massive short covering rally, at least initially. How do you cover millions of borrowed shares sold that do not exist? Once the public gets wind, I would think at a very high price, unless the price is artificially suppressed. We know price control does not happen as that would take organized corruption. Ask anyone in the brokerage business and they will tell you conspiracy theorist are nothing more than stock hobbyist...LOL THINK LIKE A CRIMINAL Regards, LG

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