LOCK (Saf-T-Lok) Message Board

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Non-Tech : LOCK (Saf-T-Lok)

LOCK 23.99

0.0%

Feb 16 4:00 PM EST

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To: Anaxagoras who wrote (714)	6/4/1998 5:14:00 PM
From: Tekktrader	of 1039

David CG-- By the way, I also shorted LOCK at less than $5 (the first time around) and then again at almost $6. CIBC Oppenheimer and Salomon Smith Barney found the borrows. Anaxagoras' advice to you is correct--the $5 threshold has nothing to do with whether you can borrow and short a stock, its just that you can't typically short a stock on margin below that level. So, you gotta put up collateral to cover your short. I covered my short a week ago at a per share average profit of over $1, so you won't see me around this piece of crap again unless it hits up around $6 again and then I'll be back. I don't have the patience of others for short plays---if I did, I'd just hold the short for the inevitable day when this sucker collapses. Its not just that the company and its promoters are scammers that bothers me--its that they are so blatant with this scam and the buying public is so outrageously stupid as to fall for it. Sheep everywhere!

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