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

To: Ga Bard who wrote (92421)	9/25/2001 9:23:50 AM
From: Buckey	Read Replies (1) \| Respond to of 150070

It is the illegal shorting thats is the true scurge - The naked shorting - The shorting on Downticks that devastate stocks. WE have spent so much effort chasing the pumpers and nailing them but so little time getting the shorters other than the uSXP guy. Trades should also be more traceable - I have alsways said that we have the technology that trades of the following type could be immediately identified right on the RT ticker - a short sale - an insider sale - a short covering - anything else out of the ordinary. I have debated this ad nauseum on the cdn boards over the past few years. Also the uptick rule must be in place and enforced - BUt its the brokers that bend the rules as always - unltimately the control would rest with them but they are the most money grubbing scum on earth - YES - even worse and more unethical than lawyers

To: Ga Bard who wrote (92421)	9/25/2001 9:29:34 AM
From: ChrisJP	Read Replies (1) \| Respond to of 150070

Ummmmmmm Gary ? I didn't say I approved of shorting, I just said it ain't the reason for the past 18 months of stock market declines. In March 2000, the S&P 500 had a PE of over 35. The average PE for the S&P 500 is something like 15. So I'm NOT WRONG. I think if OTCBB stocks stopped printing shares and diluting the crap out of their stock and actually turned a profit instead, you wouldn't see much shorting. Same goes for NASDAQ stocks like WBVN, EXDS, IPET, COVD, EGGS, along with probably 1000 other stocks. People who short have to buy their stock back. If people didn't sell stock or if companies didn't dilute stock, the shorts wouldn't make any money. Chris