Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Teddy who wrote (9165)	12/31/1997 11:45:00 AM
From: craig crawford	Read Replies (1) of 9285

<< But, again, i was refering to watching for sub $1 stocks that are reverse splitting to avoid being delisted from the Naz. >> You have to take into account that these stocks don't instantly become shortable once they reverse split and climb above $5. They need to stay above $5 for a certain time frame (I think it's 30 days?) and be declared marginable by the Fed. (Someone correct me if I'm wrong). I was just itching to short CAML, one of the BIGGEST scams of all time (probably bigger than ZITL) after it did a reverse split and shot up to $10. I was informed that it wasn't marginable. Think I'll go check a quote on CAML. Wonder what it's trading at these days. Hmmm... 2 11/32 down from sometghing like $10 a few months ago.

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