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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (3318)	8/27/1999 3:09:00 PM
From: Saulamanca	Read Replies (1) \| Respond to of 18137

Don't you think the float of GRIN "expanded" a bit on Wednesday ? "One trader pointed to the recent trading in Grand Toys International, the Canadian distributor of the popular Pokemon and Furby toys, as an example. The company has a little more than 1.5 million shares available to public investors, but on Wednesday, almost 20 million shares, or 13.3 times the public float, changed hands. Even if only 1 percent of those trades were short sales, they would have exceeded the public float by half a million shares."

To: - who wrote (3318)	8/27/1999 3:28:00 PM
From: OZ	Read Replies (1) \| Respond to of 18137

Looks like this is becoming a regular "war" for Gretchen... anyone care to cross-examine her facts/logic here, on this one? Well I cannot provide as good a reply to this one as the last Tokyo Joe reply I posted BUT I can say this... Illegal short sales have always been around. Now they have the DAYTRADERS to pin it on. Look at all the "floorless" preferred stock debentures and the shorting associated with those. The industry has always needed a good scapegoat and the most convenient unorganized and relatively small group is the daytraders. So far we are blamed for VOLATILITY, PRODUCTION of VIOLENCE,ADDICTIVE BEHAVIOR,MANIPULATION,COERSION and on and on. All these thing have been quietly in place for years and now we are inheriting them under the microscope of the very people that created them. OZ