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Short Squeeze: Morgan Stanley
Leads the Market Higher
An epic rise in the stock market following the worst week ever
in the stock market. That is the story here on Monday,
October 13th 2008.
The short squeeze has happened, compliments of the world
governments helping to change sentiment. But will it
last?
Investors are wondering why is there still no uptick rule with
short sales. Why are there still componies on the Reg SHO
list despite the SEC's pledge to reign in on naked short
selling. Where are the stock exchanges with regulations when
a stock is destroyed by a massive flow of short sellers.
I'm afraid the problems of this market will just continue unless
like in India, Italy and other countries, American regulators and
authorities acknowledge the problems within the regular trading
system.
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This rally is questionable. When the rich people like
Sumner Redstone is selling OFF CBS and Viacom - entertainment
companies above all things - I think we should be skeptical.
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Author:
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Reggie
Abaca
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Subject:
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Analysis
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Sentiment:
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Strong Sell
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Date:
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10/13/08 at 5:31 PM CDT
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