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.
Microcap & Penny Stocks : Microphonics Inc. (mrps)
MRPS 0.00010000.0%Nov 6 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Fbk32 who wrote (1613)3/2/1999 9:39:00 PM
From: Lee Walsh  Read Replies (1) of 8189
 
Brian,

You and I cannot short a BB stock, unless we have big bucks, open an account in Canada/overseas, and are willing to put up 100% or 200% cash for the transaction.

Brokers/MM's can and do routinely short BB stocks in their normal course of business. Especially when a stock like MRPS makes a "run" on high volume like we have seen the past few days. They do it without "borrowing" the shares...as you cannot "borrow" BB stocks because they are not marginable. They naked short into a run, in the hope they can gain control and drop the price later to cover.

They are very successful at this practice.

Lee
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext