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To: Stuart C Hall who wrote (10418)6/18/1999 3:53:00 PM
From: LarryCPA  Read Replies (1) | Respond to of 19700
 
Stuart, You may be right, and it may be a good rule. I really don't know, but don't the institutions flip in the US now? Isn't the first day volume always higher than the float?

I do think that as the economy "globalizes" there will be SEC type institutions in other markets and perhaps that will loosen up the restrictions. (I think I heard years ago that 25% of the wealth in the market came from overseas, so we do want to encourage non-US residents to invest on "our" markets.

JMHO

Larry




To: Stuart C Hall who wrote (10418)6/18/1999 4:07:00 PM
From: Rene Madsen  Read Replies (1) | Respond to of 19700
 
Ask yourself if you want our dirty foreign money invested in your economy. If not then close the access and lose a lot of money. Anyway, I trade through a US online brokerage who are subject to SEC regulations, i.e. so am I.

I think this rule sucks, and so would you if you were in my place.


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