Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: tyc:> who wrote (60401)	7/18/2008 5:15:50 PM
From: LLCF	Read Replies (3) of 78407

<I will if you can explain to me how "borrowing" stock and then selling what you have borrowed helps the situation.> Actually this is a VERY important point... without it one could sell things that no one owned... create stock at will! Stocks become "hard to borrow" all the time. Every "short sale" has to be borrowed from someone who is willing to lend it (stock loan depts) AND those lenders can call up any time and get their stock back (short queeze). You can "rope a dope" ("failure to deliver" for a few days or even longer, but you absolutely cant go out and sell stocks that you don't own or cant borrow... all brokers have "hard to borrow" and "can't borrow" lists. Proper trading entities toss you out on your ear for 'failure to deliver" stuff... in fact they often have in their "boiler plate" for their "trading clients" that they "buy you in" any time they want. You come in one moring and find out you're not short XYZ any more and there's nothing you can do about it. DAK

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