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To: Instock who wrote (5)	1/10/1998 3:56:00 PM
From: ivan solotaroff	Read Replies (1) of 400

In: I'm having trouble charting this stock. Did it go public just a month or two ago. One point: "GMTC cannot be Short Sold at the current price." This is very much not true. GMTC (or any sub-$5 stock, plus several plus-$5 stocks) cannot be shorted by the public. However, market-makers, the people who probably hold a great deal of the stock and are, as you know, the people we buy and sell OTC issues from, can short this at any time. It's the only they have of guaranteeing liquidity, which this is their responsibility as market-makers. Not only are market-makers allowed to short, they (and here I do NOT mean GMTC's MMs) frequently beat the hell out of stocks for the sheer purpose of inducing a price walkdown, otherwise known as a shakeout. As you'll see on the 56 thread, if this is in fact a two-month old stock, I would definitely object to its taking its pleasure from any regulars at the cathouse. Ivan PS: I spoke too soon about CMAG. It did the 50% or so I was looking for it to do in three days. I just waited till the day after New Years Eve this time. Godda(*$#%&( it!

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