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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: REW who wrote (35491)	10/17/1999 10:30:00 AM
From: JWC	Respond to of 44908

The Illusion of Objectivity Those attempting to manipulate investor emotion set themselves up to become the admired, omnipotent, and reliable purveyor of objective information to others. Playing on the notion that companies sometimes exaggerate the benefits of their products or services, these individuals display an unshakable self-confidence in their statements and express their "knowledge" with absolute certainty. Usually they'll back it up by erroneous or out of context statements from ostensibly reputable studies which are not made available to investors. These characteristics are especially designed to sway those of us whose self-esteem has been temporarily damaged during periods of market upheaval. For it is during such periods that we are seeking hard facts and certainty. Much like cult leaders, the "experts" surface at this point to "objectively" point out the moral flaws in other's personalities and behavior

To: REW who wrote (35491)	10/17/1999 1:59:00 PM
From: Rich	Read Replies (1) \| Respond to of 44908

Wonder if this has anything to do with recent activity?? and the BEAT goes on ...: ************************** <<<S.W. Canadian Brokerages NO LONGER allowed "NAKED SHORTING", according to this memo sent to their staff, which could partly explain the recent buoyant activity in certain MICRO-CAP stocks. TO: ALL RETAIL AND INSTITUTIONAL STAFF FROM; XXXXXX subject; SHORT SALES DATE; OCT. 13/99 Effective immediately U.S. NAKED SHORT SALES are PROHIBITED. This is a result of regulatory changes being forced on by NATIONAL SECURITIES CLEARING CORP.(NSCC) IN THE U.S. If you have current SHORT positions that are not covered by BORROWED stock positions will be bought in within the next 10 days. Check with the loan department to verify if the position is covered. If you intend on SHORT SELLING you must check with the LOAN DEPARTMENT (PRIOR) to executing the TRADE. If it cant be borrowed within our prescribed BORROWING LIMITS we will endeavour to borrow. IF IT CANT BE BORROWED YOU CANT DO THE TRADE. Furthermore, any outstanding SHORT POSITIONS from a long sale which is to be delivered in will be bought back on settlement date if the stock is not recieved. If there is going to be a delay in recieving the stock, credit and or compliance must be made aware or we will buy it back.>>> ******************************** <<<RE: Canadian Shorting - I posted a question about this in the public forum misc.invest.canada and here is the response I got. Seems like this is indeed true! -----Original Message----- From: STaylr14 Newsgroups: misc.invest.canada Date: Saturday, October 16, 1999 3:54 PM Subject: Re: Ending of Naked Canadaian Shorting of OTC:BB stocks - Detail on the reports of such, inside this message. >The memo and regulatory activity mentioned within it are believed to be >genuine. There has been an enormous amount of media coverage within Canada on >the subject over the last 4 months as US action has been made public. Actually >this stuff is not new as the SEC and British Columbia Securities Commission, in >conjunction with the IDA and Vancouver Stock Exchange as well as several US >State regulators have been working together for several years to combat illegal >Canadian brokerage activity in the United States. > The investigations run from stock maniupulation of US OTCBB stocks to >Canadian brokers with US clients conducting illegal US business by not being >registered in the US. In fact, the SEC and BCSC have even been engaged in a >LONG court case with one Vancouver brokerage firm over trading records of their >US clients. That case is still winding its way through the Canadian courts. >Several Vancouver brokerages have recently stated publically that they are >ending or reducing not only their US OTC BB activity but also withdrawing from >taking US clients, which many have done illegally. They are finally taking >steps to comply with US law, which in many cases is long overdue, IMO. As the >SEC and canadian authorities step up their investigations, I think you will see >much more of this kind of action. > Whether this ends so called "naked shorting" remains to be seen. Frankly, the >incidents of actual naked shorting is much, much less than people think it is. >Most of the cases referred to in the memos and press deal with instead illegal >insider selling. Insiders and promoters in "pump and dump" schemes take big >blocks up stock up north and use Canadian brokers to dump it into the market. >Naturally, this kind of massive selling depresses the market, which the >insiders and promoters (the very people selling) are blaming on "naked >shorters". >-ST >Publisher of a free twice weekly online Canadian Stock Market newsletter at > taylorstock.com *************************** <<<confirmation re: shorting limitations. From: Francois Goelo Friday, Oct 15 1999 4:10PM ET Reply # of 16822 RCJIII, I have TWO CONFIRMATIONS... first from a contact with a Surveillance Officer at the Vancouver Stock Exchange and second, with my micro-cap stocks that I suspected were heavily shorted: they look glorious and will be more so, as we approach the confirmed dead line of the 23rd October... Also, all shorting of OTC-BB's covered by Borrows is on the way out... Pennies are about to explode... Tick...Tock...Tick...Tock------>23rd October------> KABOOM!!! *************************** <<<you can verify with the following contact: [excerpted from a later FG post.] "....Gilles Gauthier at Surveillance on the Vancouver Stock Exchange did confirm by phone that the Canadian Brokerages will no longer handle "naked" and borrowed Shorts on OTC-BB's as of the 23rd October 1999, as it SHOULD BE, since it's illegal to do so in the USA..." F. Goelo + + +>>>