Cal,
You really don't have a clue about how the markets work do you?? The ability to short sell is as import to any open market as the ability to buy long.
I do agree that on the junior exchanges some brokerage houses take part in questionable short selling practices, but this DOES NOT mean that short selling should be banned! (just for the record, I have never short sold a stock before... but if I strongly felt that a stock was overvalued, I wouldn't hesitate to do so)
Perhaps new control measures should be implemented to prevent brokerages from borrowing against their clients shares to short sell, etc.... but that certainly doesn't constitute an overall ban on short selling!
Will stricter regulations on brokerages regarding short selling happen? Nope! Why? Because the brokerages to a large degree control the junior markets. The hold the cash, and they have the clients who fuel the markets. Not to mention that the brokerages are also usually heavily represented in the upper levels of the exchanges.
Of course this is all just my opinion, blah, blah, blah... I have brain problems.. yada, yada, yada..... I'm off to take my riddlin... *grin*
Chad |
