cudeco shorting activity, page-251

I see the continuous discussions about shorting in the market. Shorting itself is not an unrealistic idea, if you think a stock is over priced. And you may well bring the stock down by selling, as indeed you bring it up by buying. The problem is, in not having to cover in three days because they have found a way to deal with this and that is by borrowing, and therefore not having to cover. THE DOWNWARD PRESSURE OF SELLING IS NOT LEVELLED BY THE UPWARD PRESSURE OF BUYING. To continuous talk about short selling is confusing to a lot of people that may not totally understand that. It will not be helpful to front up to the senate enquiry and start complaining about short selling. That is not the problem for any broad minded person. The problem lies in the way they have found their way around the very reason why the covering had to be done in three days, and that is to get the equilibrium right between the upward and downward pressure in the market. That is why we have to be so critical of the regulator for not wanting to see that. The small retail investor is always at the receiving end and so makes it extremely unfair to them. i had a meeting with the top brass of Comsec some time ago, and this was discussed. they shrugged their shoulders and said it was not illegal.Finally I am suggesting to you with the senate enquiry coming up, STAND UP AND BE COUNTED. it is the last chance you have.