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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (19441)	10/7/1999 11:05:00 PM
From: J. Nelson	Read Replies (1) \| Respond to of 25548

Jim.. Just something fun to read on topic..... Found this by RSI... good reading... I believe putting a sell order good-til-cancelled GTC is smart. It does take the shares off the street. And depending upon your broker, it remains just as liquid. When I want to sell, I merely place a "change order" and change the price and make it a day order. As long as your shares sit in your account, your broker may use them to "lend" shares to those wishing to sell-short. I have never seen this result in a squeeze before, but it is good practice. . .especially when there are hostiles around. You won't get your $25 bucks. .LOL. .because before the MMs will pay you, they will beg the company for shares. Another factor. . perhaps the biggest. . is naked shorts. If short-sellers wish to short a penny like USTI, they will often do it offshore, since traditional US brokers don't allow shorting pennies [tho some do]. . . and if they use offshore accounts, then why not just short naked. . . who needs "actual" shares to borrow against? As long as the position is covered before 3 days is up and no stock need change hands, there will be no problem. . . .and that is exactly how it is done. So you could have MORE shares short a stock than exist in the float. . . and that is why it is important to take the shares you are holding long. . OUT of circulation, by placing a GTC order. And you may even like your GTC orders. . .I do. . . it is fun to set a lofty goal on a sell, then get filled when a stock spikes suddenly. .......... Are you fishing yet?? Have fun it is a short time of the year for the big one's.... :~}