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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?


To: Mr Metals who wrote (6742)8/15/1998 9:58:00 PM
From: Cal Coish  Read Replies (2) | Respond to of 11676
 
BAN SHORTING ON THE VSE AND ASE.

I am calling on the VSE and ASE to institute an immediate ban on shorting of their stocks. While shorting may be a reasonable market force in a healthy bull market, it has done more than anything else to cripple resource companies and the junior exchanges for the past two years. It doesn't take much money to kick a junior stock when it's down and keep it down. Unless something is done really soon, the VSE and ASE will have a very hard time recovering from the incessant assaults of shorters. I also suggest that the exchanges give those who are short until the end of this year to cover. That should make for some interesting scrambling and bickering and should give a boost to the anemic trading figures of the VSE and ASE. Heck, it might even draw a snarky comment or two from nervous shorters! Let's find out who the real friends of the VSE and ASE are. (Hint: It's not Yorkton, Cannacord or Georgia Pacific.)