SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : The Henley Group, Inc. (HNLY) undervalued growth company

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bulgar who wrote (367)2/28/1998 2:31:00 PM
From: TraderGreg  Read Replies (1) of 2232
 
HNLY may not have loaned a share, but the shorting on BBs people is typically illegal variety--done offshore/north of the border. They use the Sartre philosophy: The shares exist therefore I short.

They could care less if there are shares available to short. As long as there are shares available to buy they are home free. They breed fear and panic. They short more, creating more panic selling. The slime are so greedy that they try to short to 0. Why? A cover at 1cent creates a complete taxable event, but a virtual shutdown of trading keeps an open position. And no tax need ever be paid.

Massive buying is the only realistic deterrent to illegal shorting (unless of course the company declares a stock dividend or changes its name). Calling for certs is nice, but there are always those that don't, others get bored and want to take profits, etc etc. The float is rarely put in cert form in total. Buying is the only key to stopping shorters...unless El Fatah or somebody like rips their larynx out and crushes their fingers <ggg>

TG
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext