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

To: TraderAlan who wrote (14274)	9/25/2001 12:54:09 AM
From: TraderAlan	Read Replies (2) \| Respond to of 18137

Short sellers targeted House Democrat asks SEC to put a temporary halt on short selling September 24, 2001: 6:33 p.m. ET WASHINGTON (Reuters) - The ranking Democrat of the House Financial Services Committee has asked financial regulators on Monday to consider putting a temporary halt to short selling, saying the practice may be putting further pressure on already fragile markets. "I am concerned that the confluence of negative macroeconomic forces and possible short selling and speculation in stocks from industries now under pressure may be adding to the downward cycle we are seeing in the markets since trading resumed on Monday," said John LaFalce (D-N.Y.). "To the extent that short sellers have played a significant role in creating the current market conditions, I request that you consider the appropriateness of certain measures, including inhibiting short selling," LaFalce said in a letter to Securities and Exchange Commission head Harvey Pitt.