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Strategies & Market Trends : Conversion Solutions Holdings Corp. - A Scam? -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (1530)	10/7/2006 8:40:16 PM
From: Electric	Respond to of 4624

I don't want to invite more competitors for borrows to my broker, so I won't name names but I know of several U.S. brokers who will allow shorting of BB's and pinks - and not tiny little brokers either. I have worked for some large brokers and done business with many others on my own account..so when I say retail, that is what I mean. I dont know if some large brokers allow shorting of bb/pinks to fundies or big accounts where margin isnt an issue, but of any broker I have either worked for or had an account with, the statement I made is true. It isnt worth the hassle and fines they get for most retail brokers to take the risk of getting caught..the point is that the whining and complaining regarding shorting of pinks/bbs is bullsh!t and if the companies were compliant and legitimate they would be listed and protected much more. The little puny retail guy isnt shorting these bb stocks anyway because they arent allowed, and my contention was that even if every single broker were following the SEC rules on shorting, it wouldnt catch the real culprits who break the laws and do so offshore, where the SEC has no chance in hell to catch anyway. The perception of retail shorts and catching the shorts by whining to the SEC is a misnomer and will accomplish little. The shorters who want to short, know HOW to get around the rules and do what they need..and it isnt from having a retail account and borrowing shares held in a margin account by Rufus' followers. Most of these little fish hold very few shares in relation to the float anyway..