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Re: Georgia Bard post# 6236

Wednesday, 09/26/2001 12:52:39 PM

Wednesday, September 26, 2001 12:52:39 PM

Post# of 218429
GoB:

This statement: " shorting increases the float massively" is untrue. One borrows shares that belong to another person, then "buys to close" more shares (hopefully at a lower price, but not always) and replaces the borrowed shares with those that were bought to close the short trade. There is no increase in float involved, pure and simple.

"Further the vast majority
of stock is any stock that trades in the market was also when in fact Market Makers short off the clearing house long position as collateral
for their short positions thus making your statement implusive and naive ."

I have no idea whatyou are trying to say in the sentence above. Please re-write so I can address the issue.



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