raja

Friday's Turnaround: Raid on the Shorts

There have been instances when false rumors caused the market to tank - just like that. Perhaps, the author has selective amnesia.

If you want to clean it up, then go for the whole thing. Dont whine when the market goes up, just because you are on the wrong side of the fence, or vice versa. Talk of reform - then SEC should bring back the uptick rule; shorting should be banned - how can you sell something that you dont have, even if you are buying it later?? Powerful and rich folks in the market can manipulate so that they can buy back cheap to cover the shorts. I dont need to elaborate with examples - companies have been runied due to one such problem, and there are myriad problems. Can you compensate for the loss to investors ?? Dont tell me you will put the crooks in jail, for it does not get the duped investors their money back. Enron's villians did it, got some jail term and one of them died too - but did the cheated investors get their money back ?? Kick the SEC out for inaction on so many fronts. Stop CNBC/Reuters etc. from reporting any false propaganda.. stop Ackman from repeatedly coming out with 'Dire' news on a day to day basis at the 'right' timing ...

You want a clean slate? then level the playing field and watch as the skeletons fall off the cupboard.

Simple as that.