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Re: zeninvestor32 post# 27594

Monday, 06/14/2004 10:45:58 PM

Monday, June 14, 2004 10:45:58 PM

Post# of 358440
You really haven't been following this stuff, have you?

What I find so interesting however is that the stock is down 38% since February ... the exact time that the new rules against naked shorting were passed/implemented (by the way it is my understanding that NITE was instrumental in getting a "grace period" of 30 extra days from the SEC to "ease the transition").

The new Nasdaq rule was supposed to go into effect at the end of February. It was postponed for ALL market makers until the first of April. Nothing whatsoever happened when it became effective. No wild short covering, nothing.

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