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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (56655)	11/21/2008 2:16:37 AM
From: John Pitera	Respond to of 57110

Hi Tom, I don't know and the implementing of short selling limits is counterproductive to "US" collectively getting true price discovery. You have a bunch of pinheads... who should have talked about putting short selling rules on the market when the bullish euphoria of a decade ago would have obliterated all of those shorts. It's probably better to morph our "free-market" system into a full blown....... state system where you can not short and as a matter of fact, you can not own anything.... ala Lenin, Marx, ....fill in the blank. Banning of short sellings is simply the polar opposite of the market environment in 1983-1984.... 1987....into the mid late 1990's I will give you a factual example..... Houston Natural Gas was a corporate raider target in 1984 and then InterNorth bailed Ken Lay and his company out by putting a $71 target on a stock that was trading for $25 as reported in "Power Failure:the inside story of the collapse of Enron" back then when stocks where cheap and the multiyear lowering of interest rates made stocks increasingly valuable.... no one would give a moments credance to people ganging up on stocks and driving them down. everything has it's season. John