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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Cube who wrote (23926)12/4/1998 7:16:00 PM
From: ivan solotaroff  Read Replies (1) of 79317
 
Cube,

"this stock ... is not marginable and therefore not shortable"

I believe that marketmakers are allowed to short a stock at any time, at whatever price, as they need to keep their sheets balanced. I think that also includes naked shorting, which is why the tell-tale sign of a stock in deep $hit is when you get threaders advising everyone else to "call in for their certificates." I would imagine that marketmakers control much of the general float of a stock like ELGT's at a time like this, and they would be as prone to a short-squeeze as you or me.

Ivan

PS: How you been, dude?
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