asx bans naked short sales, page-11

Hi Crans

A lot depends on the MMX SP in the next week or so, if the yanks don't tank too much next week, just hold will be fine. A great deal of money has been pulled from MMX for only one reason, it was needed elsewhere and friggin fast! If only a small portion of this settles back with MMX as it always does in situation like this, MMX without further announcements will move closer to $2.50-$3 mark. Only one shot at this for MMX, play it wrong and call youself Sino in a jot, play it right and we could see a merged force. MMX management would have been just about been paralysed watching what happened this week and perhaps anything to get out alive then. I hope they drop the ego thing do a deal with other locals and fight Sino, just a personal preference. I did buy on Wed and Thursday, heart in mouth a tad, was grateful to see the second US bounce. Don't get me wrong problems still exist but some good deal of time bought.