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Re: fnord post# 194982

Tuesday, 12/06/2005 2:01:00 AM

Tuesday, December 06, 2005 2:01:00 AM

Post# of 358463
fnord...what was the combined market capitalization of the Nasdaq in March of 2000 when it peaked in the 5000 range?

Then subtract that from it's low in September of 2002 when it bottomed at 1200...76% erosion of market value. Where did it all go?

Even if just a small fraction of that was naked shorting, you can quickly see how trillions of dollars in counterfeit (FTD) shares could be circulating in our system.

If the problem isn't as big as all of you shortpumpers seem to think, why doesn't the DTCC just show the world it's records? It could have wiped out all the "conspiracy theories" in one swoop by simply opening it's books and revealing the total # of FTDs, what the value was when they were first sold and what the value of those open positions is today.

It seems this would be every company's right to see it's trading records, but you gotta "sue" the DTCC to get it. Why so secretive?



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