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Re: woodchucker post# 9927

Wednesday, 09/17/2008 12:05:16 PM

Wednesday, September 17, 2008 12:05:16 PM

Post# of 43770
One more comment, from today's Wall Street Journal, and lets see what it does to the future UPZS trade volume...."The SEC also approved a new anti-fraud rule targeted to short sellers who lie about their ability to deliver borrowed securities, which the SEC said takes effect immediately.

Short sellers aim to profit from declining stock prices by borrowing shares to sell and replacing them later at a lower price. So-called "naked" short sellers do not borrow shares before engaging in short sales and may never do so, a practice that can have punishing effects on a stock's price.

SEC Chairman Christopher Cox said in a statement that the changes "make it crystal clear that the SEC has zero tolerance for abusive naked short selling." .....Wood™