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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: kili who wrote (10441)1/6/2003 9:17:01 PM
From: Cush   of 10482
 
Hi Kim. That may have been wishful thinking. I really dislike the practice (that seems to be accepted in Canada) where the institutes handling a financing are allowed to short a stock (using borrowed shareholders' stock) to drive down the price into a financing, thereby getting more shares at a lower price in the financing with which to cover the short. That stinks, and (in my opinion) only a self-regulated industry would allow it. It screws the other shareholders.

I still like Bema. I'm still holding a fairly significant position, but I did sell some stock this morning.

Cush
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