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Re: None

Friday, 04/08/2005 11:06:10 AM

Friday, April 08, 2005 11:06:10 AM

Post# of 36790
OT: Shorting: It is useful to remember that this regulation SHO was a recognition of a problem. It didn,t solve it. In fact as I read the wording, I could see the bucket brigade of unfilled orders being passes from one broker to another, each time being washed to a no commission trade.

Add the undesired listings on the foriegn markets where our laws are not applied, and hedge funds that can disappear overnight when the "bill comes due", (being blamed for the whole chain of illegal trading), well--- Now who would think to open a trading acount and just plan on walking away if things went sour? Well if no one was ever going to find me, or if I died four years ago...

The problem we are dealing with is greater than just "naked shorting". It might even deserve the title economic terrorism.

Stakddek