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

To: Mark L. who wrote (113)	10/1/2001 4:25:37 PM
From: joseph krinsky	Respond to of 455

As far as short selling hurting Krem, you can't measure it. Would Krem have gone higher without shortsellers? Would it have been lower without their covering? How can you tell? You can only measure what was, not what might have been. I believe the rules need to be tightened up, shorters have the privilige of creating shares, and for that privilige things should be tougher than they are now, on them. That's something I'll not change my view on, (unless of course it's tried and it does more harm than good) because my suggestions don't stop shorting, they just address some issues that I think need to be addressed. Now whether or not they are the definitive answer or even any answer, I have no idea, they're just my ideas. Examples. by not having the trades identified as short sales as they go by, how does an investor know whether or not the stock is being "dumped" or it's just a short raid? Why aren't short sales tallied each day and the totals (short position) posted for every stock? Why should people have to wait a month to learn this? Why shouldn't people know what's going on? The idea is to always have more information, not less. Will it be of any benefit? Who knows that either? It shouldn't hurt matters. The thing is, they have the technology now to do it, it's not any more work for anyone, (it can all be done by computers that are already in place) but they're not. fwiw.. guys like Buffet probably aren't concerned about the issue because they're probably doing it (the nasties) themselves, LOL. That doesn't mean that those practices are right, or good, or beneficial to the markets. And remember rules and changes/modifications to rules aren't written in stone. If they find that things deteriorate, they can always change/modify them back.