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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: anniebonny who wrote (100183)8/24/2007 3:28:30 PM
From: Patchie  Read Replies (1) of 122087
 
"Let's just say the the empathetic side of me took over when I read about people mortgaging their homes, borrowing on credit cards, putting in all their life savings, putting family and friends into the stock, all on the word that they were the chosen ones of Rufus Paul Harris. They were to be rich beyond their widest dream. And they ate it up. Playing off the American greed I guess. I feel nauseous thinking about all the posts in the aftermath."

Doesn't sould like to me they invested due to a short squeeze. They invested off the word of a scam artist who rarely surfaced the issue of naked shorts. As for Greed it is everywhere. Localizing it down to a single rudimentary issue {false claims of naked shorts) is ludicrious.

Actually, I do not use PM...

And yes, looking at the global issue is the only answer. People get greedy and lose money for all sorts of stupid reasons INCLUDING believeing the word of people who post on message boards. If you don't attack the abuse Globally at the regulatory level how do you do it? Leaving the loopholes intact and hope an audit picks it up.

BTW..I did not ask for an example I asked for a list since you and Jeff want to generalize the abuses of companies to use this excuse. So far you have not even demonstrated that naked shorting was the primary issue in CSHD.
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