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Technology Stocks : Globalstar Memorial Day Massacre -- Ignore unavailable to you. Want to Upgrade?

To: A.L. Reagan who wrote (114)	5/11/2000 7:58:00 PM
From: Jon Koplik	Read Replies (3) \| Respond to of 543

GSTRF $25 by Wednesday. (Probably stupid, but - there it is !) Jon. eom.

To: A.L. Reagan who wrote (114)	5/12/2000 9:18:00 PM
From: Souze	Read Replies (1) \| Respond to of 543

Re: your comments on shorting starting a game of musical chairs. It took a while for what you wrote to sink into my slow brain. Your analogy of the banking industry is apt. Banks create money by lending money in excess of their assets. They're supposed to do this; and the amount they can lend, as a percent of their backing assets, is closely regulated. Shorts also create money, for a while, by selling borrowed stock. If they borrow and sell 100 shares, there are now 200 shares, because the lender and the buyer now each own 100 shares until the short is covered. In terms of our monetary system, are shorts supposed to be creating money? How closely is this regulated? Maybe, just maybe, and I don't say this in jest (although it does sound funny), the FED needs to find a tool to influence shorted-stock supply as well as money supply. Good opportunity for Mr. Greenspan and Mr. Levitt (sp?) to work together?