Able Telecom (ABTE) Message Board

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Technology Stocks : Able Telecom (ABTE)

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To: Sir Auric Goldfinger who wrote (463)	2/16/1999 12:49:00 AM
From: Questerr	of 700

Auric, Assssenio, your Pied Piper, is trembling at the prospect all of his borrowed shares are going to get called away from him and he will have no other choice but to cover his loan - although I assure you it won't happen without a short-squeeze first. Have you ever lost a lot of money, your exposure as a short-seller is limitless? Fortunately I have a number of blue chip institutional investors behind me with all their clout - cash. I hope you and Ass remain short as I despise those who try to profit upon others misfortune. Long-term shorting doesn't work, because the shorts always have to cover. Your borrowing is only good for as long as the lending broker can make shares available to you, and the lending broker doesn't own the shares either, the institutions do (from whom the brokers must borrow). Do you really believe all the mutual fund managers who have recently purchased the stock will make their shares available to you to short? If you do, you don't know the first thing about securities lending. Shorts are for short-term leaches, and you are about to be taught a very expensive lesson.

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