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thepennyking

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thepennyking

Re: thepennyking post# 19

Tuesday, 12/23/2003 2:00:40 AM

Tuesday, December 23, 2003 2:00:40 AM

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Short selling has destoryed many retirement accounts. I ask that short selling be removed. Stock value should be based on profit,and equity of a corporation. Short selling by big corperations kill retirement accounts.. Corporations. can push a stock value down just by selling short, over and over, then purchasing stocks to a lower value. I have a retirement account that has lost value of 60%.. and the stock market value is Dow-10,102... thanks to short selling.

http://edgar.sec.gov/rules/proposed/s72303/rmeeks121503.htm

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