Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: StockDung who wrote (98890)	3/30/2007 10:10:57 AM
From: Patchie	Read Replies (1) of 122087

Actually Floyd, Alan is WRONG. Until recently the requirement to be on the SHO list required that the company be a filing company such that the 0.5% fails level could be accurately calculated. Therefore the excuse that a share structure is unknown is bogus. Only recently did that change to where a minimum dollar value was assigned to those non-filing pink sheet companies. The non-filing pink sheets being a small minority of all companies listed on SHO. If that was Alan's issue he should have blocked the changes to the calculation process and not this more global issue. What a short sighted buffoon. As for the SHO list mean that a company was "illegally" naked short sold is an interpretive issue. Does a market maker using an exemption to naked short do so illegally? You would say no 100% of the time because the exemption exists. But when a fail persists for months and it was a fail held under this exemption you have to question whether that meets the standards of market making. How do you know that a market maker did not get caught on the wrong side of a market when making a market and created additional naked short positions to protect that initial position taken. Is that market making or market manipulation? Lots of areas without transparency. What we do know is that the exemption was to address "temporary" volatility issues and there is nothing temporary about months long fails.

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