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Message: Re: A movement to cease all short selling.

I will be the voice of dissent. I think legal short selling is just a part of a functioning market. A bit ago, I bought KXL at about a buck, maybe by some dumba** who thought if it broke a buck, it would slide to 60 cents sold it to me. The stock market is full of trades, a trade requiring a buyer and a seller. Logically, every buyer will eventually be a seller, and every seller has been a buyer, or in the case of shorting, will be a buyer in the future. I think if you are against shorting, you are against anyone selling a stock, and that is irrational. Anyone breaking the rules on buy or sell side needs to be dealt with by regulators.

I often read posts that chalk up down days in KXL or gold or whatever as being part of manipulation. That may occaisionally be the case, but for the most part I think those who believe it are not being realistic. I have heard so many people say that the price run up of oil/gasoline is just manipulation and specualtion. If these shadowy figures can run the price of oil up 100% in a year, why dont' they do it all the time? Personally, I am happy that oil is coming down, as I buy fuel 4000-6000 Litres a crack. DId the price suffer from short sellers? I am sure short sellers added velocity and perhaps distance to the pull back, as speculators added to the price rise.

Maybe I am naive in thinking that most of the market is above board, but if I am, then are those of you who believe in widespread cheating then fools for putting $ in a rigged game?

Don't mean anything personal, but felt like venting. My own view on stopping shorting financials, is that they are a backbone of our whole system,and if they collapse, even our Jr miners aren't worth much.

Hoping for a good week on the PF. GLTA

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