ICVI (now MTEI) Message Board

STOCKTALK

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Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00430

+79.2%

Jan 8 2:15 PM EST

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To: Rusty who wrote (8317)	6/5/1998 2:40:00 AM
From: pebbea	Read Replies (1) of 11850

Hi Rusty, I am new at this too but will try and explain. I hope I will get it right. If I don't, I know there is plenty of support to correct me from fellow Rocketeers. Shorting a stock is a backwards transaction from regular buying. You sell shares that you borrowed first, then buy them back later, hopefully at a lower price. BB stocks cannot be shorted except by Canadian brokerages and apparently by market makers because that is what they seem to be doing with ICVI. When traders short a stock, they set personal limits on how far they will let the stock rise before they buy back the stock in order to limit their loss. Shorting a stock has unlimited upside risk. I hope I did this right. Sincerely, Todd

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