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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Vision21 who wrote (57941)8/3/2000 7:48:21 PM
From: Tom Allinder  Read Replies (5) of 150070
 
To be perfectly honest.... it is very difficult to discover and expose a short position in an OTCBB stock. There are lots of ideas out there... calling in certs and whathaveyou. Anything like this must be pursued strongly for it to work out. Unfortunately, the Big Houses like HRZG/NITE etc have run amok and there seems to be little that we can do about it except play the game by their rules. They have all the advantages and a lot more money than any of us... money usually wins. And.... they can wait a long time to cover any short position if they ever have to cover at all.

Lately I have began to wonder if a public float or number of Outstanding and issued shares means anything???? If I was a MM, I could just play the odds and sell tens or hundreds of thousands of shares of a stock I don't even have any inventory on... Then MAYBE cover lower... but because no one ever looks at my books, why cover at all. Hell, just sell, sell, sell... it is free money and free stock.... The stock you and I are buying is represented by a ticker symbol, # of shares in our account and a current market value... those same shares once you buy them shows up as cash in the MM's account.

I understand from reading a lot of posts that the SEC is after this guy and that guy who is posting stocks in chat rooms and on message boards and is manipulating the stock.

Why the heck doesn't the SEC go after the bigger fish? Maybe investigating the big firms costs too much....??? Who knows.

Things are changing but it will take time.

Tom
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