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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Russ B who wrote (51982)	6/20/2000 8:27:00 PM
From: Jim Bishop	Respond to of 150070

Done.

To: Russ B who wrote (51982)	6/20/2000 8:29:00 PM
From: StocksDATsoar	Read Replies (1) \| Respond to of 150070

bustthosecrookedlowlifemarketmakers.com

To: Russ B who wrote (51982)	6/20/2000 8:41:00 PM
From: Taki	Read Replies (1) \| Respond to of 150070

The SEC and NASDAQ should pass these rules to make it fair for all the investors. 1) Five minute maximum wait on fills on BBs. 2)Stop the naked shorting immediately. 3)?This very serious problem,? Lester said, ?arises from fact that market makers do not have to report their short positions, as is required for NASDAQ and NYSE stocks, only their volume. They can secretly hold huge short positions, hoping that the company will fail and they will rake in all the money, since they won?t have to buy stock to balance the short position after all. This presents OTCBB with another obstacle to overcome in its pursuit of new credibility and investor confidence, Lester said. Regulations forcing full disclosure of short positions by market makers would solve the problem instantly.