SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI
CCSI 29.32+4.6%Oct 31 9:30 AM EDT
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jeffrey L. Henken who wrote (5582)10/15/1999 7:46:00 PM
From: Jeffrey L. Henken  Read Replies (1) of 5736
 
SHORT COVERING COMING SOON?

I have confirmation that those who have been shorting stocks in Canadian accounts will have to cover and soon. This particular post covers how this will affect OTC BB issues:

Message 11553859

However this extremely interesting post details the probability that stocks like CCSI will also see a lot of short covering soon too. Why?

Naked shorting... it is illegal... but it has been happening in Canada. Read this as it shows you why it just might be stopping soon:

EFFECTIVE IMMEDIATELY U.S. NAKED SHORT SALES ARE PROHIBITED.

THIS IS AS A RESULT OF REGULATORY CHANGES BEING FORCED ON BY NATIONAL SECURITIES CLEARING CORP (NSCC) IN THE U.S.

IF YOU HAVE CURRENT SHORT POSITIONS THAT ARE NOT COVERED BY BORROWED STOCK THE POSITION WILL BE BOUGHT IN WITHIN THE NEXT 10 DAYS. CHECK WITH THE LOAN DEPARTMENT TO VERIFY IF THE POSITION IS COVERED.

IF YOU INTEND ON SHORT SELLING YOU MUST CHECK WITH THE LOAN DEPARTMENT PRIOR TO EXECUTING THE TRADE. IF IT CAN BE BORROWED WITHIN OUR PRESCRIBED BORROWING LIMITS WE WILL ENDEAVOUR TO BORROW.

IF IT CAN'T BE BORROWED YOU CAN'T DO THE TRADE.

FURTHERMORE, ANY OUTSTANDING SHORT POSITIONS FROM A LONG SALE WHICH IS TO BE DELIVERED IN WILL BE BOUGHT BACK ON SETTLEMENT DATE IF THE STOCK IS NOT RECEIVED. IF THERE IS GOING TO BE A DELAY IN RECEIVING THE STOCK, CREDIT AND OR COMPLIANCE MUST BE MADE AWARE OR WE WILL BUY IT BACK.

messages.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News