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To: Sir Francis Drake who wrote (2857)	5/17/1999 9:09:00 PM
From: Katherine Derbyshire	Respond to of 4467

>>A good example of manipulation is trading by a brokerage house that brings a stock to the market. They are in a very privileged position, they know not only the exact status of the outstanding, float and ownership of most of the shares of the stock, but they know all there is to know about the financing. They often house the treasury stock, the original owners stock, and even many of teh investor's stock. So, they are in a great position to f.ex. short a stock to the hilt, knowing they have plenty of shares to use should they need to. << I suspect that an underwriter who regularly shorted client company stocks would very quickly find itself out of clients. Can you give more specific examples in which this has occured? Katherine