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To: Kevin Podsiadlik who wrote (7748)4/2/2005 6:00:22 PM
From: rrufff  Read Replies (1) | Respond to of 12465
 
I don't really care frankly to get into nuances. Nothing wrong with shorting. You seem to think I am objecting to legitimate shorting with similar rules for all of us.

I'm advocating an environment that would require hedge funds (or any name you want to call a fund) to live by the trading rules to which we all are subject. This would limit naked shorting, manipulative arrangements with MM's, etc.

Nothing revolutionary there. The key is that hedge funds are now able to be offshore, use offshore trading, without disclosure, without any real regulation here. Let's set up an environment such that if a fund by whatever name acts in a manipulative fashion, those acts can be readily discovered and regulators can act to insure the integrity of the markets.



To: Kevin Podsiadlik who wrote (7748)4/2/2005 10:55:49 PM
From: Geoff Altman  Read Replies (1) | Respond to of 12465
 
One difference is in the way they're regulated!!! That's the point of this whole stockgate thing IMO, or if it's not it should be. No one here is preaching against legitimate short selling.