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Technology Stocks : EDS - Recent pullback a buy opportunity??? -- Ignore unavailable to you. Want to Upgrade?


To: Bob Hawk who wrote (1729)1/4/2002 1:42:39 PM
From: Daniel G. DeBusschere  Read Replies (1) | Respond to of 1841
 
When you put your shares of EDS up for sale at a high price under a "good until cancelled" order, it removes your shares from your broker's inventory of stocks that your Broker can "lend" to a short seller for a big fee. The short seller sells these loaned shares (which may actually be the shares you own however the title to the shares is in the Broker's name and under the Broker's control) and the seller pockets the sale proceeds. Because of the heavy selling pressure caused by "leading" financial press elements that are in a conspiracy with the short seller who put out "fire in the theater" sensational articles several times a day and the market knee jerk reactions, the stock price falls and the short seller buys back the stock at the lower price. The shares are then given back to the broker that loaned them in the first place. Everyone seems to win except you and other EDS stockholders. It's a white collar scam that is defended by the (you guessed it) the financial press.

Even though you put your stock up for sale as I suggested, your broker can still loan your shares but most will not because of their policy of not lending any shares that are encumbered with a sell order.

Make it as difficult as you can for any short selling of EDS and you will end up the winner.