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Gold/Mining/Energy : Solv Ex (SOLVD)

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To: BOB PATRICK who wrote (2678)5/2/1997 12:33:00 PM
From: 993racer   of 6735
 
BOB:

Naked short selling is illegal. Additionally, naked short selling is a tool of the Reg S/D crowd who sell and then convert right afterward. That is legal b/c they will deliver the stock. If you remember, those are the people that buy stock at $8.25 if they converted today and then sell it to you at $11.

So far I am sticking to what works for me, thank you. And I am happy that the smart $ is buying the stock when I short it ($14 a few short weeks ago) and its the smart guys lwho buy it form me at $10.50 yesterday. However, if I could've bought in on SOLV latest placement I would be happier.

And BTW, BOB, I appreciate your attempts to drive up the stock, allowing me to short more and add some %.

Good Luck,
racer
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