To: Janice Shell who wrote (1523 ) 6/11/1998 6:02:00 PM From: Hoatzin Read Replies (3) | Respond to of 12810
Hmmm, that is interesting! How did I miss that one? He proposes:The introduction of " 0 " as ticker marker for any short sale transaction, inclusive all other data such as found with "-", " + " and "=". Not a bad idea, as far as it goes. But I propose a more far-reaching and radical solution, that will go a long way towards shining some disinfecting sunlight into the dark, fetid and diseased pits that are today's equity markets: I propose the following new ticker markers: A - sale of a good stock by rational investor, who is selling because he has found a better idea B - sale of any stock in order to pay taxes C - sale of poorly-performing stock to claim tax benefit of painful losses D - purchase of a good stock, under the guidance of a trustworthy investment advisor E - purchase of any stock simply because it was just mentioned on CNBC F - purchase made to open account in response to high-pressure sales call G - purchase of a bad stock by an idiot investor who has no clue H - purchase of a bad stock by an idiot investor who knows it is bad, but buys it anyway I - sale of a bad stock by someone who has only just realized how bad J - short sale of a bad stock by someone who knows what they are doing K - short sale of a good stock by satanic puppet of the evil Asensio cartel L - short sale of a good stock by lonely housewife M - short sale of a good stock gone bad by defrocked priest N - purchase to cover earlier short of bad stock by satanic puppet O - purchase under the influence of alcohol P - any transaction by "Mr Pink" Q - short sale executed by mistake, usually via E-Trade R - any transaction by a "Rocketeer" S - purchase by author of BW's "Inside Wall St" column T - short sale in response to today's "Heard On The Street" column U - short sale to offset an existing long, by very sophisticated yet indecisive investor V - purchase by investor who has visited comapny offices while they are closed W - short sale by investor who has visited company offices while they are open Z - purchase of ZITL based on a rumor These changes if implemented would to a great degree level the playing field for all traders/investors and curtail to a great degree the bad mouthing of companies and products in order to steer traders and investors into anxiety and the surrender of their invested stock. When people see a lot of GRPLMXCHITEJSMPZOLQZXKDHTS on the tape they will certainly have a much clearer picture of what is going on. Greedings, Kevin