One Step Ahead

[joye1]

Mach....

I agree. I'm in also.

Yes....telephone calls, emails, letters.....demanding investigations should be made.

However...in my opinion (and I feel certain this is your thoughts as well)....the investigations should be into the SEC....the DTC....the parties that have allowed the illegal naked shorting of American companies to be and continue to be.

Naked shorting...covered shorting (hedging)....happening orderly in the markets...regulated and governed as it should be isn't the problem.

The problem is the illegal naked shorting that is allowed without enforcement of regulations. I realize there are investors/traders that don't think this is happening. I think it is happening.

In my opinion....SHO doesn't even scratch the surface for reforms that are needed. Also...think of the delays etc we have seen to date regarding SHO.

Also....just recently the SEC proposed reform for hedge funds. The hedge funds have until February 1, 2006 ( 2006 ! ) to make these reforms. (link copied below).

Why would it take them until February 2006?

When the SEC wants something from publicly traded companies (other than hedge funds as we've seen) ie USCA they give the company ten ( 10 ! ) days.

SEC proposes securities offering reform, requires registration of hudge fund investment advisers

The compliance date for the new rule will be Feb. 1, 2006.

<http://www.sec.gov/news/press/2004-150.htm>

I won't bore some of you further.

Yes...the events of last night were very disappointing to shareholders. I think it was also disappointing for the companies.

I do think the companies felt they were going to be able to release some of the information shareholders have been waiting for.

In my opinion....the "midnight hour" events that created the reasons behind what happened last night was out of the companies' control.

Premature planning. Obviously yes. Hindsight is 20/20.

Just my thoughts and opinions.

Joy

Naturally nobody should buy hold sell....or do anything for that matter...because of my thoughts and opinions.