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To: maceng2 who wrote (371460)7/16/2008 7:09:37 AM
From: NucTrader  Read Replies (1) | Respond to of 436258
 
Legitimate short selling is part and parcel of a free market and should be allowed to continue as long as the underlying shares to short are legitimately found. HOWEVER: when the big brokerages and market makers sell the same wad of stock over and over and over to their buddies, allowing virtual "infinite" short selling, most of which is "naked", since those short sales are not supported by underlying shares as they're supposed to be - that's crooked and a major market manipulation. I'm sure that's why they (big brokers and market makers) got the uptick rule deleted - the latter was an annoyance to their WS buddies...made them take their finger off the sell button from time to time. Think about it...



To: maceng2 who wrote (371460)7/16/2008 7:37:17 AM
From: Real Man  Respond to of 436258
 
It seems they are only after those naked types, so this is
quite OK. The timing is interesting.