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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: amadeus who wrote (16478)	10/10/2000 11:17:30 AM
From: LPS5	Respond to of 24256

Message 14544976 My original post was to address the continuing misinformation and scapegoating provided for by "naked short selling" hype. Those whose feelings (and delusions) were wounded by this assertion then made the issue one of general dealer violations. [W]hat exactly is your motive for trying to present the notion that they don't occur? Show me where I've stated that violations "don't occur." Rather, I have maintained - and can show you where I've done so - that they do occur, but that (a) they are both infrequent and of a de minimus amount with regard to all of the trades that dealers execute in all issues every day, and (b) that the regulators are competent enough to catch and punish the violators. To be blunt, I don't believe for a second that you have "personally witnessed" a single violation. You may have, but I strongly doubt it. And, with regard to what you've "experienced," well...in my experience - as it pertains to people whose phobias feast upon a steady diet of misinformation, misunderstood Level II action, and conspiracy theories - it's far more likely to be a perceived, rather than an actual, violation. A little knowledge is a very, very dangerous thing. LPS5