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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (913)	3/20/2006 8:20:40 AM
From: GVTucker	Respond to of 5034

Michael, RE: If my memory is correct in regard to the presentation, according to SEC documents shown, legitimate FTD represent less than 1/10 of the total on any given day of trading. The documents do not lead to that conclusion. You have to use a great deal of bias in interpreting the data to get there. One question I thought he asked which really nailed the issue; if the problem is not pervasive, why grandfather all the illegal activities of the past, under the assumption not doing so would cause severe economic hardship to those who were illegally naked short selling? The excuse I've heard is that it would cause unnecessary volatility. Nonetheless, I agree, they ought to get rid of the grandfathering, it doesn't help anything.