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Strategies & Market Trends : Americans 4 "No Own - No Sell" -- Ignore unavailable to you. Want to Upgrade?


To: Ga Bard who wrote (102)10/1/2001 3:18:12 PM
From: exdaytrader76  Read Replies (1) | Respond to of 455
 
So naked short here in the US is OK, and all you are after is the foreigners?



To: Ga Bard who wrote (102)10/1/2001 3:48:25 PM
From: Nazbuster  Read Replies (1) | Respond to of 455
 
re: "your arrogance maybe your downfall."

My my... time to look into a mirror.

Hey, I support your effort to have market participants follow the law, but a campaign against short selling overall is totally misguided and not even in the best interest of longs.

All you do when you remove one side of a market is create exaggerated volatility: faster run-ups and faster drops. You don't have the shorters to moderate the market as a contrary player. Shorting is absolutely no different an investment strategy in principal than going long: buy low and sell high. The fact that the sequence is reversed is irrelevant. The current system already handicaps shorts in that they suffer the delays and difficulties of getting a "borrow" plus have to wait for an uptick to trade.

How would you like a rule that says you can't buy long except on a downtick and can't buy unless there is a direct seller -- no market makers at all -- only customer orders. That would level the field....