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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Podsiadlik who wrote (9103)	2/17/2003 9:01:49 AM
From: Mike M	Read Replies (1) \| Respond to of 10293

Still, Kevin, it gets to the meat of the matter. It begs the question "are we going to have an equities market that serves our capital system?" Will it remain a stacked game in which well financed and well organized hedge funds and their associates can disrupt the markets and defeat the efforts of small companies coming to market, just because they can? Should the interests of the few who are willing to viciously attack and unscrupulously slander little companies, be defended? Should their naked short sell or, worse, the manipulative sell the long while holding the short tactic be allowed to occur while the stock is being maliciously attacked verbally just because freedom of speech says you can? I don't think so. Dixon doesn't. And there are a growing number of people beginning to question why this practice hasn't been shut down. That Damoclean sword cuts both ways. The right to claim fraud should be harbored only by those who do not stand to gain financially from their harangue. Everyone who believes in the capitalist system has a stake in this. I believe that the ability to short, as originally conceived, is well designed and helps to provide for orderly markets. I am equally certain that corrupt men have devised a way to maim those orderly processes. This thread celebrates that distortion. Some do so unwittingly, others knowingly...