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Politics : America Under Siege: The End of Innocence -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (5864)	10/2/2001 10:05:36 AM
From: Patrick Slevin	Respond to of 27666

People bid and offer at the same time merely to make the spread As an addendum to that, I once knew a NYSE broker who, each day, would borrow ten thousand Pepsi and bid ten and offer ten on each side of the spread playing it all day long, looking for an eighth or a quarter. Pepsi almost never moved more than a point during the day and so his risk was slight. I saw no harm in such activity; between him, the brokerage houses that do the same and other brokers following suit Pepsi always had a tight spread.

To: Patrick Slevin who wrote (5864)	10/2/2001 10:23:21 AM
From: joseph krinsky	Read Replies (1) \| Respond to of 27666

Have those markets ever operated without short selling? If they haven't, how can you say with certainty what would or would not happen? But even if it were true, tightening up the rules there too, probably wouldn't hurt anything. But I am not talking about the commodity markets btw. I am talking about the stock markets, the commodity markets can be fought over by someone else. As far as good vs bad companies, good vs bad shorters, prices going up or down because of shorters vs longs, all the arguments made on both sides about that are I'm sure are all true. I am not addressing those issues though, my interst in all of this is on tightening up the rules concerning short sales. Shorters create shares when they short, and for that privilige they should be required to have stricter rules to follow. BTW-I am trying to avoid being brought into arguments about related topics, I don't want to become embroiled in a lot of side issues that detract from the issue that I am interested in concerning all of this.