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Gold/Mining/Energy : Market Surveillance -- Ignore unavailable to you. Want to Upgrade?

To: Cal Coish who wrote (11)	8/17/1998 5:18:00 PM
From: Chad Barrett	Respond to of 33

Cal, You really don't have a clue about how the markets work do you?? The ability to short sell is as import to any open market as the ability to buy long. I do agree that on the junior exchanges some brokerage houses take part in questionable short selling practices, but this DOES NOT mean that short selling should be banned! (just for the record, I have never short sold a stock before... but if I strongly felt that a stock was overvalued, I wouldn't hesitate to do so) Perhaps new control measures should be implemented to prevent brokerages from borrowing against their clients shares to short sell, etc.... but that certainly doesn't constitute an overall ban on short selling! Will stricter regulations on brokerages regarding short selling happen? Nope! Why? Because the brokerages to a large degree control the junior markets. The hold the cash, and they have the clients who fuel the markets. Not to mention that the brokerages are also usually heavily represented in the upper levels of the exchanges. Of course this is all just my opinion, blah, blah, blah... I have brain problems.. yada, yada, yada..... I'm off to take my riddlin... grin Chad

To: Cal Coish who wrote (11)	8/17/1998 6:35:00 PM
From: the Chief	Respond to of 33

Hi Cal.If the VSE had any guts, it would declare simply NO SHORTING and give those who are now short until year end to cover all outstanding shorts. Well, that would take care of the recorded shorts! Still leaving the brokerages to play havoc with the market! Right now, the VSE is in desperate need of BUYERS, not SHORTsellers. We have a "chicken and egg" thing going here. If commodities don't recover in the short term the VSE will continue to "toast"! While we are sitting in this hole, they should change their policies and diversify their exchange. To attract anyone with any credibility they have to cleanse the board. This is not unlike what hapened in Australia. When companies can't get money they dry up! When they dry up they cleanse the board. It is clearly survival of the fittest! Its like medalling with nature, we shouldn't do that. The VSE is below 500 for a number of reasons,but the main reason is commodities, Russia will provide further momentum for that slide! So one feeds on the other....why is the VSE at below 500, because commodities are in the toilet and investors are bailing out...how do you get investors back....commodities have to show some sign of recovery!!! the chief