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ziploc_1

05/09/10 6:55 AM

#289699 RE: olddog967 #289698

Sequence of events in my opinion:
1. hedge funds are already extremely short of the market before market plunge
2. bad news is made public on PG
3. funds short PG big time to drive fragile market down further
4. market drops further as desired by shorts
5. computer trading programs kick in and things get out of hand
6. market plunges 1000 points
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imalurker_2

05/09/10 10:58 AM

#289701 RE: olddog967 #289698

Well said olddog.

Diamond is way out of line by injecting his political persuasive agenda.

One of his own, Christopher Cox, was in charge at the SEC when changes were made that played into the hands of the notorious, shorting Hedge Funds.

IMO
IMA
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MJPLIFE11

05/09/10 1:01 PM

#289704 RE: olddog967 #289698

hedge funds control the market period. They need to be regulated and the uptick rule put back in place. What was the purpose of removing all of the safeguards to begin with?