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Microcap & Penny Stocks : Bid.com International (BIDS)
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To: Curious Gamble who wrote (25514)4/25/1999 1:44:00 AM
From: Lola  Read Replies (2) of 37507
 
I was wondering why the short position was so small when it was on the TSE. Even after the stock took off, the short position never seemed to increase as it usually does on a rapid rise.

I'm a Canadian but have traded mostly on the Nasdaq for the last 5 years due to the complete lack of excitement on any Canadian exchanges.

This post about how most Canadian short sales are not reported jogged my memory. I thought oh my God, that has always been true on Canadian exchanges. I thought they would have changed that by now.

Maybe if the BIDS investors who got screwed on this deal had known about the massive short position on BIDS before it hit the Nasdaq, they would have thought twice about purchasing the stock.

What a terrible loophole we have in Canada!! The TSE obviously needs to get their act together with regard to proper reporting of short positions.

Heck I wonder if the unreported shorter was mostly Yorkton. Talk about unethical behaviour if that is true. Take a stock public and then short the crap out of it!! Nice, thanks guys. When I take my company public, I'll remember who not to call. And they're mad because BIDS dumped them.

I wonder what the outstanding short position on BIDS really is from the TSE. Heck we have no real way of finding out even now do we?

With this loophole existing, the Canadian brokerages can short the crap out of the stock and then downgrade the stock to cover. Nobody will know what they did anyway since the short positions mostly are not reported.

I said the TSE was squeeky clean, I take it back. What a disgrace. As a Canadian I am utterly disappointed. What kind of monkeys do we have running the TSE anyway?

Lola:(
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