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Pastimes : Investment Chat Board Lawsuits for Pros – moderated

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To: Kevin Podsiadlik who wrote (97)4/17/2005 1:50:16 PM
From: rrufff   of 120
 
I agree with you up to the last few words. Having talked with management many times, I'm amazed that someone who has a CEO after his name, believes a vulture guy when he says he won't short.

I'd outlaw many toxics or at least have full disclosure for 7 days before there can be any issuance, shorting or actual implementation. How many public shareholders would be saved?

The markets don't exist for touts, stupid or crooked management, hedge funds, MM's and naked shorters to fleece the public shareholders. There are ways to fix these things, ways that won't prevent shorting. Basically, it comes down to equal access to trading and information. Yet, the insiders, on both sides of the equation, seemed threatened by this. It's no surprise.
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