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To: Dale Baker who wrote (2479)6/6/1999 8:52:00 PM
From: Jim Illo  Read Replies (1) | Respond to of 3261
 
Conspiracy? I sure hope not. If I had thought that such a thing was illegal I wouldn't have posted it on half a dozen public message boards.

Like I said, I see this (asking people to remove their shares from the short pool) as similar to recommending that someone purchase a stock. If enough people respond in either case (removing from short pool or buying the stock) it would cause the price to rise.

I really would really appreciate it if someone with a business law backround would chime in.



To: Dale Baker who wrote (2479)6/6/1999 9:16:00 PM
From: Linda Kaplan  Read Replies (1) | Respond to of 3261
 
Hiya. Nice to see you again. I don't think what you're saying has validity. It's commonly suggested in the threads that longs take possession of their shares to squeeze the shorts. In reality only a percentage of longs can do this, since people either need the margin the stock generates or will want to be free to quickly sell some of their shares on run ups. Those that are planning to hold long term and who don't margin the stock can legitimately take possession of the shares and that indeed will provide less shares for shorting. I've never seen it suggested before that this could be illegal. I was short ZONA and longs frequently suggested this tactic in the <ugh!> ZONA thread.

Linda