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Technology Stocks : ADSP - Ariel

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To: Don Pueblo who wrote (2052)11/30/1999 10:11:00 AM
From: Anthony@Pacific  Read Replies (2) of 2263
 
ignorant questions

Were you advising people to short this stock on Wednesday?

Yes A 20% CALL AT 12 TO 13 so that equals maybe 2-3% of total Portflio

Were you telling them to short it above 10, then above 11, then telling them to short more at the end of the day when the squeeze went off?

NO dont ask dumbe questions again

Did you then advise them to hold their short position till Friday rather than take the hit and get out on Wednesday at 3:59?

NO: again a dumb question

Did you tell anyone short whatever they could, as much as they could on Wednesday?

No::: again you know

Did anyone contact you on Friday morning saying that they had shorted everything they could and they were crushed because the stock opened at 20?

No and I cancelld all pending orders to short additionla till it oopend

On Friday, did any one of your people get wiped out by being forced to cover their 11 dollar short from Wednesday because they ran out of margin? Did any one single person get wiped out? One single person?

Acouple over allocated and lost their accounts most wer small acounts nd they went in too heavy,but all have recieved membership aid

Did any of your people get nervous and cover their shorts when the stock blew through 40?

I certainly hope not,, that would be silly on such a POS

Did any of your people have their positions covered by their broker because they were above their margin limit?

ASKed and answered

Anybody get a super-delux margin call on Monday morning?

No most firms worked with everyone ,,fter I explained to the Firms in question what a POS it was, Yamner didnt buy n anyo e..True great guys over there.

Did any of your people short the stock on Friday without checking to see if any shares were available to short?

The responsibility of seeing if it can be shorted doesnt rest on the shoulders of the client ..but on the broker, so again a stupid question.

Any of your people get a trade cancellation for a trade on Friday?

Dumber questions as we move along...

Anybody get a call from a brokerage firm asking about shorting illegally on Friday?

Clients cannot short illegally on Brokerage Firms can.....

Do any of your people have no money in their account and a debt to a broker right now?

Asked and answered..........

Did you yourself cover any of your short position while the
stock was above 20 bucks?

Not a single ugly share.............Im only interested in single digits......

What would you say to someone who followed your advice on Wednesday, had 40 grand in their account, and shorted 7,000 shares at a average of 11 bucks and then woke up on Friday to see it trading at 22 and going higher and covered immediately? What would be your advice to that person?

I would say that noone in my group would have ever been short 7000 shares with a 40K account..The dumbest question yet............
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