Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : SOES Trading -- Ignore unavailable to you. Want to Upgrade?

To: Fasttrader who wrote (1601)	8/26/1998 9:11:00 PM
From: Spike	Read Replies (1) \| Respond to of 1618

Fasttrader: What Do You Mean??? I haven't heard this but am very concerned, could you please explain and leave forwarding sites for me to read up on. Thanks. Spike

To: Fasttrader who wrote (1601)	8/26/1998 11:30:00 PM
From: Gorak Shep	Read Replies (1) \| Respond to of 1618

The NASD has it absolutely right that hedge accounts used to short on down-bids have no other purpose than to circumvent the down-bid rule. I'm surprised it took NASD this long to police this abuse. Of course, those who have such hedge accounts knew this all the time. Since using such hedge accounts to short sell is the same as NO down-bid rule, any lobbying to allow the hedge accounts is the same as lobbying for no down-bid rule. And fat chance of winning on that one. The charade has been exposed. For those interested in NASD's point of view, see: nasdr.com