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Technology Stocks : Globalstar Memorial Day Massacre -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (170)5/13/2000 10:12:00 AM
From: ccryder  Read Replies (1) | Respond to of 543
 
The action of moving my 3000 shares to my cash account could very well reduce the borrowed float by more than 3000. After all, the short who borrowed them sold them to someone. That someone, if they put the shares into a margin account, makes the same 3000 shares available to another short. How many times can that occur? There's no tracking of the number of times a given share is shorted, is there?



To: Maurice Winn who wrote (170)5/13/2000 5:39:00 PM
From: Snowshoe  Read Replies (1) | Respond to of 543
 
LOL, Maurice. This thread has got to be your funniest rant ever! You've managed to snooker the Wall Street Journal and a whole passel of shorters into thinking that you're actually serious!

>>Anyone lending their stock could very well be in breach of the rules limiting money creation to the government. Better put your shares in cash until this is sorted out. You won't want the Federal Reserve putting you in jail for illegal currency creation.<<

Of course if the unlimited currency creation theory were true, your GSTRF Memorial Day Massacre could not happen unless every single share was removed from from the borrowing pool. Your long-time readers know that you know this, but why let a detail spoil a good rant?