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Re: BullNBear52 post# 129

Tuesday, 08/24/2004 4:15:40 PM

Tuesday, August 24, 2004 4:15:40 PM

Post# of 173
OK...

I agree with your statements concerning the legallity of naked shorting.
I also agree that there are a number of companies associated with this issue that are indeed questionable if not outright scams.
I am not presenting this article to highlight or promote these companies. In fact I could care less about the supposed illegal shorting of OTCBB companies for pennies apiece.
After all why would the big time offshore hedge funds worry with crashing a penny stock for a few cents a share when they can toy with Big board issues or an entire market to the tune of BILLIONS at a whack.
Certainly short selling has it's place (I do it myself when I feel it's appropriate). But there are a number of time when it certainly seems as if something is amiss.

BTW, I pulled this article from the IBD site. Personally I feel that the context in which the referenced link was used has no bearing on the validity of the topic or the article.




The Bird of Prey
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