L. Michael,
There's one way to fight the shorters - call your broker, and have your certificate mailed to you. Several months ago, someone on this thread (Mitch Aunger?) was keeping track of how many shares were owned by readers of this thread. Anyway, it seems to me it was a substantial amount. So, if everyone calls, eventually the price should move up. Would anyone care to volunteer to keep a tally? Before anyone says, "This won't work", take a look at the DCI thread. And consider this:
* Some brokers will tell you that they never loan out shares.
* Brokers are paid from 1 to 5 cents a share for loaned out shares.
* If anyone has access to position reports, look and see if FTEL has not changed amounts at certain brokers. Something is wrong if the position stays the same month after month.
* When you call for a certificate to be issued, some brokers will tell you, "Well, when you return the certificate to us, we have to hold it for 30 days to make sure its not counterfeit. Puh-lease, I was born at night, but not last night. The broker is trying to dissuade you, probably because he's earning 1 to 5 cents a share, on your shorted shares.
* This will expedite the shorters having to cover, which in turn is actually bullish.
Please consider this, and hopefully someone would not mind keeping a tally. I'd do it, but I have to go work for the man.
Tim -- Plus, you get to stick it to VS -- Bo |
