WR's Momentum Trades Message Board

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Strategies & Market Trends : WR's Momentum Trades

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To: Spiral600 who wrote (3029)	1/23/1999 8:28:00 AM
From: Tom Shutters	Read Replies (2) of 11130

Bob, I am way behind posting and would like to attempt an answer to your last question. My experience with OTC shorting is that the MM's do the shorting. The bookkeeping has been very poor with OTC stocks. This means that those precious OTC shares you own may not even exist. When the MM is in a mood to buy, well he buys. When he is in a mood to sell, well he sells and sells and eh sells. They like selling better than buying and they love hype that runs the price up. I believe I read a news release a few days back about the SEC clamping down on OTC stock bookkeeping. My initial thought was that all the OTC stocks would go up as the MM's would have to cover at least a few of those millions and millions of shorted OTC stocks. Just my two cents worth. Tom

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