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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 (128)10/1/2001 5:40:50 PM
From: Rande Is  Read Replies (2) | Respond to of 455
 
If the SEC has gone and goes after one side of the coin why not the other?

The blindness of the SEC, whether intentional or due to incompetence, is a big part of the problem. You know how I feel about their new chief. . . who's big platform seems to be to try and undo Regulation FD, Arthur Leavitt's legacy. Once more, I think the SEC is too big, has an outdated mandate and needs chopped into smaller, more responsive agencies. I'd be willing to help write that petition. >g<

Meanwhile, it looks as though you have gathered a good amount of quotes from those threatened by potentially no longer being allowed to naked short-sell using offshore accounts. That should help put some balance into your presentation.

I was a bit disappointed by those taking one liner pot shots at you without fully understanding your position.

You are not against short-selling or short-sellers.

Nor am I. Let that be crystal clear.


The issue at hand is NOT a threat to any person who legally short-sells stocks. It is merely a call to attention to those who take part in illegal naked shorting and more to the point, foreign entities or those using foreign brokerages for the purpose of cashing in on America's recent misfortune.

2 year market slides lead to 5-10 year depressions. As I keep saying, the Great Depression. . was not CAUSED by the wild trading ahead of the crash of '29 as you are taught in 5th grade. It was the Great Slide from Noveber 1929 to June of 1932 that CAUSED the Great Depression. And the Hoover Administration claims that unrestricted short-selling is what kept that market from being able to rebound.

That's not me talking, that is history. Allowing foreign entities to force American markets down with unrestricted naked short-selling, is ignoring history. . .thus dooming us to repeat it. I don't want to go through a depression in my lifetime. My wife has 4 teenagers with wonderful ambitions that I would like to see come to fruition. That is why I am for your petition.

When you have lost your job, 3 years have passed without a decent income and there is next to zero volume in the markets so you can no longer trade. . . will you say, "I helped contribute to the slamming of the U.S. Equities markets"? If you do, I assure you, it won't be in public.

Best wishes all. . .

Rande Is



To: Ga Bard who wrote (128)10/1/2001 9:46:08 PM
From: peter michaelson  Read Replies (1) | Respond to of 455
 
"The american investors being fleeced by offshore naked shorting needs to stop. "

Can you give me some examples of this fleecing please....I'm not aware of them.

Thanks



To: Ga Bard who wrote (128)10/1/2001 10:17:59 PM
From: Bocor  Read Replies (1) | Respond to of 455
 
>>The american investors being fleeced by offshore naked shorting needs to stop.>>

The american investor being fleeced by unscrupulous insiders dumping their overvalued stock on the unsuspecting public needs to stop.

>>Regulations need to be put into place to protect the American investors even from those american that go offshore to beat the laws.>>

Regulations need to be put into place to protect the American investors from "analysts" and investment bankers who receive millions in investment banking fees from the same companies they are recommending on cnbc, cnnfn and other mindless television programming. They don't have to go offshore...they commit the criminal manipulation right here every day on national TV, supported by our very own GE, parent of CNBC as we all know by now!

>>If the SEC has gone and goes after one side of the coin why not the other? Nothing wrong with fair play.>>

Agree wholeheartedly. This has been an incredible criminal distribution of wealth from the average middle class 401k holder into the hands of the wealthy insiders and investment bankers, all with the guise of "new economy valuations"....well it wasn't different this time...it is never different, and never will be. Pigs get slaughtered, always, and the silly ones look to point fingers. The smart ones learn, and don't make the same mistake again. Looking at the silly valuation increases on some of the security stocks recently, the pigs have yet to learn much of anything.

Feel free to point all the fingers you have at the shorts. They will be the only ones left with anything when this is over, and they will bite your finger off and use it as a skewer for their beef kabobs.



To: Ga Bard who wrote (128)10/10/2001 10:10:44 PM
From: Bocor  Read Replies (1) | Respond to of 455
 
>>The american investors being fleeced by offshore naked shorting needs to stop. Regulations need to be put into place to protect the American investors even from those americans that go offshore to beat the laws.>>

Last 2 days were a great example of the fleecing of America by the manipulative market makers who ran a silly stock like VISG to the moon, allowing only the "smart" money to make out really well...why? Because they had offshore accounts, and were shorting the crap out of VISG all day yesterday when no one else here could get shares to short.

If we could do away with the manipulation and greed on one end, there would be no need to go offshore to short. Never needed to go north to short GE.