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

To: Mark Davis who wrote (3334)	8/28/1999 2:15:00 AM
From: Steven Ivanyi	Read Replies (1) \| Respond to of 18137

<<Why all the venom against what appears to be a legitimate investigation?>> I'm sure it's a legitimate investigation. That is not the point at all. The point is this the securities industry in my mind is trying to find ways to discredit the practice of short selling. You see the vast majority of shareholders in this country and elsewhere have never shorted a stock. They always go long. Buy this at market. Mr. Joe public reading anti short selling articles is going to get pissed off because he's thinking his stock is being borrowed for someone's benefit during a sell-off and is not going to feel comfortable about that. The securities industry has taken great pains to ensure that people buy stock - they don't want you to think you can short too. That side of the business they have enjoyed for many years and want to keep it. But with the advent of numerous daytraders, who are essentially sophisticated traders, market makers and the like(the securities industry) have loss some of their short trading privileges by daytraders cutting the pie with them. Steven