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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Ditchdigger who wrote (23081)4/1/1999 8:22:00 PM
From: MskiHntr  Read Replies (1) of 44908
 
I see your reasoning, in order to get the most shares for your buck. But, I don't think they're shorting against the box. Why?

1. They do not have fungible securities. The debentures are restricted as to their sale or transfer.

2. There is no stock around. I have personally checked. I would have liked to have hedged my position ---42% downdraft since Monday would have been a nice trade.

3. Even if the debentures were freely transferable, the broker still has to go out and borrow shares. Even in my personal case, I told my stock loan dept. no problem, I'm long. Their response, "Nice talkin' to ya."

4. Even if all of the above was possible, Ditch, the short has to go out on an up bid tick, and to make any kind of money, you have to sell size. There is no market for size. As evidence, see what a few hundred thousand did today. There weren't many up tick bids to handle the paper
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