August 6, 2006
It has been an education reading the proposed changes to the SHO regulation. It is appalling that securities, which do not exist, are sold to unsuspecting investors in the first place. Fraud, in the interest of an orderly market. And the fraud is perford in accordance with SEC regulations?
I recomend short selling be eliminated, period.
I know that will not happen, so I am going to remove all my capital from publicly owned issues, come Monday. This has destroyed all confidence I had in a fair market.