GRIN (Grand Toys International Inc) Message Board

STOCKTALK

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.

Non-Tech : GRIN (Grand Toys International Inc)

GRIN 27.30

+1.1%

Dec 3 3:54 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: katmando who wrote (333)	8/27/1999 2:51:00 PM
From: John Wilson	Read Replies (1) of 495

SEC MAY REQUIRE NAKED SHORTS TO DRESS! Implication for GRIN Clearly, this stock is suffering from a revolving SHORT sell cycle. A practice once left to only the professional Market Maker apparently can now be done by simple online investors. SHORT = selling shares you don't own, suppose to borrow an equivalent number of shares to make sure you don't exceed the outstanding number. NAKED SHORT = you sell what you don't own and don't do the borrow thing..so you effectively increase the float without limit, relying on a continuous stream of short followers to lower the price, while you slowly cover your positions. This is a pyramid scheme, that at some point gets halted, and when it does, POW! millions of buy's will chase 100's of thousands of real shares. I THINK THE SEC WILL EVENTUAL HAVE TO DO ITS JOB, which could see a forced cover, or forced cover for unaccounted shares! I can't wait for that...accumulating at these levels. jw

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next