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To: Jeffrey L. Henken who wrote (1354)10/17/1999 12:35:00 AM
From: OLD JAKE JUSTUS  Read Replies (1) | Respond to of 1567
 
Do you suppose that this ban, of naked shorting and borrowed shorting, will be applied throughout the world and not just in Canada? That is, of course, if the reports on the ban are true.

Have you confirmed this rumor to be a fact? I believe the other folks who claim they have confirmed the report to be true. But, even they, have asked others to confirm it.

Many thanks and good luck!



To: Jeffrey L. Henken who wrote (1354)10/17/1999 4:26:00 PM
From: Francois Goelo  Read Replies (2) | Respond to of 1567
 
"NAKED SHORTS" out of CANADA now BANNED....

The practice of Canadian Brokerages issuing NAKED SHORTS (Illegal short selling without a borrow) and even the plain shorting of OTC-BB's with borrow will be terminated, effective 23rd October, under pressure from the US Authorities...


In the later part of this week, Short Positions initiated in Canada appeared to be in the process of being covered... This is happening to a bunch of micro-cap stocks on my watch list, that were heavily shorted in the past, such as WINR, EDUV, NBMX, VGCP, NBET, PMGI, GLCP, NVID, etc... All of them have closed in positive Territory on Friday in very adverse Market conditions that would normally have resulted in loses in the 5 to 10% range...

ragingbull.com

This might be a good time to add to existing Positions to speed up the price recovery and force a SHORT SQUEEZE...

Regards, F. Goelo + + +

PS: Other Posters are now starting to confirm the Canadian move:

Message 11617509