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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (7196)	2/5/2005 10:35:07 AM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 12465

naked short scams are hidden better because of connections with legitimate or supposedly legitimate hedge funds, MM's, brokers and financial institutions. IMO, you left out the most valuable connection of all, one with the company itself. I think you'll find that a lot of "naked" short transactions are actually hedged upon a side agreement with the company being shorted. But the real problem from a law enforcement perspective is the "wolf" issue. As in "boy who cried". IMO for every legitimate complaint of shorting malfeasance, there are hundreds, maybe thousands, of phony claims of same, made by managements trying to cover their own tracks.