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Microcap & Penny Stocks : NCDR -- Ignore unavailable to you. Want to Upgrade?

To: afrayem onigwecher who wrote (831)	6/13/1999 11:18:00 AM
From: rrufff	Read Replies (2) \| Respond to of 1440

Looking for some advice from those who successfully shorted this stock. When I saw the story about this stock a couple of weeks ago I put it on my screen as a short. I wasn't able to do it as my brokers would not allow BB shorts. My questions: 1)How were you able to short? 2)After I put it on my screen after those stories, how could this stock have managed to actually go up from there? I think I was going to short it at 18 and saw quotes subsequent well into the 20's. PHew!! I'd live to hear thinking too of non hypers who got caught long. Principally I'd love to hear from those who successfully shorted, what a coup!!!!!

To: afrayem onigwecher who wrote (831)	6/13/1999 4:23:00 PM
From: afrayem onigwecher	Respond to of 1440

a very volatile market due to the often large 'spreads' between customers' bid and ask prices. My understanding of the above paragraph is that market makers can't make a market for the stock unless they have reasonable assurance that the company's financials reflect the current situation concerning the stock in question. Accordingly there has to be a new filing. If one market maker files under 15c2-11 and their application is accepted by NASD then others can currently piggy-back on their application a month later. However, this often a tough hurdle for a halted company to achieve. However, recently, a number of stocks (for example IBUY ) appear to have traded post-halt without the benefit of market makers. I believe they are trading through Instinet, ECNs and/or internal brokerage matching of retail customer buy and sell orders without benefit of market makers. Unfortunately this often leads to a very volatile market due to the often large 'spreads' between customers' bid and ask prices. For example the price range of IBUY the first day was $7.00 to $25.00 on only 49.000 shares traded. Further details on IBUY trading soon after the end of the trading suspension can be found in: SHOPPING.COM SHS CASH SETTLEMENT AT Prices Available: 11/25/97 through 04/23/99 Ticker: IBUY Date __ Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 03/23/98 - 300,600 - 28 1/2 - 22 -22 1/4 temporary suspension Date- - Volume - High - Low- Close 04/07/98 - 49,100 - 25 - 7 - 18 04/08/98 - 37,300 - 22 - 18 - 21 04/09/98 - 14,200 - 22 - 18 - 19 3/4 04/13/98 - 15,500 - 21 - 17 - 21 04/14/98 - 43,200 - 22 1/2 - 18 - 21 5/8 04/15/98 - 19,600 - 23 - 20 - 22 1/2 04/16/98 - 45,300 - 26 - 19 - 21 3/4 04/17/98 - 46,000 - 25 - 21 - 21 04/20/98 - 30,000 - 24 - 21 - 22 1/2 04/21/98 - 15,900 - 24 - 21 - 21 1/2 04/22/98 - 8,200 - 24 - 20 - 22 7/8 04/23/98 - 8,100 - 25 - 17 - 22

To: afrayem onigwecher who wrote (831)	6/13/1999 6:54:00 PM
From: afrayem onigwecher	Respond to of 1440

Minimum Form 211 or listing processing time 3 days Registering to Make Markets in OTCBB Securities The OTCBB operates as a dealer system. As a result, all securities being quoted on the OTCBB must be sponsored by a participating Market Maker that registers the security by completing a Form 211 unless an exemption applies. The Market Maker must submit a Form 211 to the NASD OTC Compliance Unit along with two copies of the required issuer information no less than three business days prior to publication of a quote on the OTC Bulletin Board. Once cleared, Nasdaq Market Data Integrity will notify the Market Maker that it has been registered in the security and may enter a quote. Ineligible Securities Every OTC security not currently quoted on the OTC Bulletin Board is considered "ineligible" until a Market Maker submits a Form 211 or a 15c2-11 Exemption Form. After clearance, the security is granted "eligible" status. Eligible Securities If a security has eligible status, it means one or more Market Makers has received clearance to quote the issue on the OTC Bulletin Board within the last 30 days. Any other participating Market Maker that wishes to quote the issue must also submit a completed Form 211. During the "eligible" period, a frequency-of-quotation test is administered. The test is described below. Until the test is satisfied, all Market Makers must continue to submit a completed Form 211. Active Securities An OTCBB-eligible security that meets the frequency-of-quotation requirement for the so-called "piggyback" exception is identified in the service as "active." The frequency-of-quotation test or "piggyback" exception is based on whether a broker/dealer has itself published quotations in the security in the applicable interdealer quotation system on at least 12 business days during the preceding 30 calendar days, with not more than four consecutive business days without quotations. Once this criteria has been satisfied, authorized participants may register on-line in a security. As long as the security remains in an "active" state, any participant may quote the security without a Form 211 submission. Quotation Regulations The OTC Bulletin Board is monitored by an on-line market surveillance system to help ensure compliance with the existing rules of the SEC and the National Association of Securities Dealers, Inc. (NASD®). Unless there is an exemption, participating Market Makers must comply with the requirements of SEC Rule 15c2-11 on a security-by-security basis to be eligible to quote on the OTCBB.