No Own - No Sell

[Capt_Nemo]

Gary,This one takes the cake, and its name fits it pretty well....Does make you wonder,,,,,The pot is stirred, lets see what spills out.haa

409. Short To Zero

Now I've heard it all...Broderick blaming the shorts for overvaluation in the markets. If you were wise enough to check the short interest figures when the Nasdaq was rolling from 4000-5000, you would have seen record low short interest...yes, there was some short covering, but it pales in comparison to the amount of schmucks that were busy putting their retirement money in stock such as CMGI and CSCO. This petition is a pure and utter joke, showing a complete lack of understanding for how the market works. If you ban short selling, you will see a dramatic liquidity crisis, along with a collapse in the dollar, and add to that a ton of selling as previously hedged positions become unhedged, forcing the an investor that was neutral to either eat the risk or completely liquidate. Halting short selling would do nothing to stop this market slide, as many on this board seem to believe.