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To: patron_anejo_por_favor who wrote (155048)	3/8/2002 12:05:55 PM
From: Activatecard	Read Replies (2) \| Respond to of 436258

I don't know if this has been posted. What I think is completely obscene is the absolute amount of options top management awards itself. The insiders essentially loot the company. cross-currents.net

To: patron_anejo_por_favor who wrote (155048)	3/8/2002 12:22:01 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 436258

patron, >>I've been thinking about Japan...although they've outlawed shorting there, they haven't outlawed it here. As far as I can tell Japan adopted the US shorting rules as you must short on an up tick. One used to be able to short in Japan without an up tick. Joan

To: patron_anejo_por_favor who wrote (155048)	3/8/2002 12:27:14 PM
From: reaper	Read Replies (1) \| Respond to of 436258

Patron, I don't think they've "outlawed" shorting in Japan. They have simply adopted the uptick rule, which has been the rule here for as long as I can remember. From what I have heard, many Japanese institutions do not have the systems to deal with complying with this rule, and the authorities have promised severe punishment for non-compliance. Thus, while shorting has not been technically "outlawed", it has in fact be largely curtailed, which surely is at least part of the reason for the manic rise in the Japanese markets the last couple of weeks. Cheers