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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: magicrecall who wrote (88240)11/22/2004 9:32:58 AM
From: Nazbuster  Read Replies (2) of 122044
 
Magic,

Thanks for the non-response. Let me quote YOU:

"As I said in my last post, good questions need proper answers."

You convenienly avoided a simple request, to name ONE company affected. I suspect you cannot name one company that owes it's demise or serious damage to Elgindy and his group alone.

Regarding your preposterous comment that there were "...250 to 260 Hedge Funds involved in his site at the top ...", there were never even that many people as members.

As far as this comment, "How did they get the shorts on and how did they avoid buy-ins or margin calls? ", they got the shorts in Canada as far as I know and they did NOT avoid the buy-ins and often complained about them. I myself got calls warning of buy-ins and simply covered to avoid an unplanned cover.

I think your avoidance of accountability, both as to your identity and the simple demand to name ONE instance of a firm whose demise was even influenced by Elgindy and group, much less caused, is telling. Your departure from the discussion just makes me believe you see the beginnings of your undoing here.

Good luck with your crusade; I think you have way overblown the magnitude of reality.

BTW, I agree with you fully about the failure of DTC to regulate share count. There is far too cozy a relationship of DCT and the industry and too often DTC seems to obstruct efforts to make it operate by the rules. There is no reason DTC couldn't be a fully automated PUBLIC database of share-count; if shares aren't there to borrow, you can't short. It's no different than an airline reservation system.
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