i must agree with a previous rant from oly , that all loaning , shorting and all other types of secretive trading should be banned. if you dont own the stock you cant trade in any fashon. a bunch of criminals and shysters.as for the article on twiggy,from memory , he claimed that almpst 10% of the stock was shorted/but as 90% of the stock is spoken for how was it happening ? turns out it was stock belonging to the largest investor--it had been loaned out -possibly without the permission of the owner-anz is the caretaker-
so without your knowledge someone can loan your stock for a third party to inflict damage to you--bloody madness-
the problem was ,according to some reports ,caretakers of stocks were loaning out stock and pocketing a fee without telling the owner,i am sure some of my details are wrong to a degree -but i still thing the whole system is totaly corrupt///
how would you feel if you left your prize possesion car over the week-end in the garage after servicing, and you later fimd out the service station owner hired your car out for a profit without your consent ! the problem with the stock market is thats the same bunch
of shysters running the place who are running these scams, thats my rant for the week.
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