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Microcap & Penny Stocks : IELSF-Flight to Fortune Or?
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To: Intrepid1 who wrote (449)10/29/1998 11:03:00 PM
From: Carl R.  Read Replies (1) of 520
 
Again, I fail to see why they would resort to illegal shorting tactics when they can easily do the same things legally. If you want to short on downticks, you can, too, if you take the time to do a little preparatory work. Simply establish a short position in one account, and an identical long position in another account. If you want to be long, buy more in the long account. If you want to be short, sell the long position (on a down tick if you like), but never touch the short position.

These bandits can do the same thing. The first step is to legally establish a short position. Once that short position is established, they leave it in place and convert a few shares and a time and sell them leaving the shorts in place. Then the very last shares they convert are used to cover the short position.

Carl
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