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Gold/Mining/Energy : PYNG Technologies

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To: AriKirA who wrote (3966)6/3/1999 5:57:00 PM
From: keith massey   of 8117
 
Unreported shorts?

As far as I understand a house can short up to 50% of the shares owned by their clients without reporting the short.

For example: If House 29 had clients that had 1 million shares they could short the stock through house accounts for 500,000 shares without the shorts ever showing up on the short reports. I have heard of cases where there was only a few 1,000 shares showing up on the published short report but the stock was shorted for several million.

I'm not sure I have any really good strategy for telling if this is going on. I normally look at the net house positions over a 1-2 year period to get a feel for what position a house is taking but even this can't tell you everything.

Sorry I'm not much help.

KEITH
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