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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (51593)	6/16/2000 2:32:00 PM
From: allii	Read Replies (1) \| Respond to of 150070

I guess I was hoping for some ammunition. :)

To: Due Diligence who wrote (51593)	6/16/2000 2:39:00 PM
From: SSP	Respond to of 150070

Message 13879722 A popular misconception about preventing shorting is to set high "good till canceled" orders. Unfortunately, this is not the case. A representative of Trac Data Securities stated that the only way to prevent your shares being used as a short position is to not sign the Hypothecation Agreement that allows your shares to be used in such a way. Tradecast Securities stated that the Transfer Agent holds the securities under your social security number and therefore shares cannot be used by others to open a short position. It seems that different brokerages have their own set of guidelines regarding the use of shares.