Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Kanetsu who wrote (54779)	8/31/2001 3:36:18 PM
From: Rande Is	Read Replies (2) \| Respond to of 57584

but you are implying that it is wrong now are you not? OK, I'll say it another way. 1. I believe it is wrong to short-sell any stock that has fallen 95% in the past 12 months. 2. I believe it is wrong to take part in CONCERTED short-selling of stocks [there is an SEC regulation against this]. . .especially those which have already fallen 90%. 3. I believe that Americans using foreign accounts to naked short-sell American stocks is wrong. I think that there should be some restrictions on foreigners short-selling American companies. . . such as not under $5, not naked and not on downticks. 4. I believe all other legal short-selling is fine. To show that I am not one sided in my thinking, I will go as far as to say that I would likewise support action that would place restrictions on the buying of a stock that has risen more than 400 percent in a 30 day period. And would support restrictions on the market capitalization of any company which has not proven itself to have a viable product or service. I am not of the laissez-faire school when it comes to the markets. That is for sure. I believe they are totally corrupt and are extremely unfair to small investors. So I am for more regulations when it comes to obvious mareket abuses. Please don't flame me for that, I don't wish to stray off-topic. I am generally not for MORE government. . . but the markets are simply out of hand. Furthermore, I am for treading carefully when it comes to the markets teetering on the brink of potential disaster. What got me started in all of this was the late Friday [2 weeks ago] announcement by the SEC of a plan to abolish the Short-Sale Rule. [NOTE: There is a complete discussion of the Short Sale Rule and the factors leading to the Great Depression on the "Rande Is. . .HOME" board on Insighters] THAT is not treading carefully. In fact it might very well be the sort of careless sonic boom that would cause the avalanche and bury the climbers. So I speak out AHEAD of such a regulatory change. . .hoping to be the voice of reason in a world filled with payoffs, greed, power and short-sightedness. That's all. HMMmmm. . . it is late Friday afternoon ahead of a long weekend. I wonder what sort of bomb the SEC or whomever is going to drop on us today. >smirk< Rande Is