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Biotech / Medical : GUMM - Eliminate the Common Cold -- Ignore unavailable to you. Want to Upgrade?

To: Mark Marcellus who wrote (3011)	11/5/2000 11:58:57 AM
From: DanZ	Read Replies (1) \| Respond to of 5582

Mark: I don't know what Eric meant by his statement. SSEC and GNLN buy stock when they have stock to buy and sell stock when they have stock to sell. GNLN in particular has done more research on Gum Tech than any other broker/dealer and they are bullish on the company. Like me, they believe that the fundamentals will move this stock higher so they have been net buyers. If that is what Eric meant by "stabilizing GUMMs market", I would agree with him. If he meant something else, I would have to know what it is before I comment on whether I agree with him. Mike: I don't know if "illegal" is the right word unless it is being done with the intent to control or manipulate the price of the stock. I heard that there may have been some improper shorting on down ticks and other things that I don't wish to discuss here. You never know when Big Brother is watching. If certain shorts have done anything wrong, blasting a large number of negative and misleading messages over the Internet during a short period of time surely won't help their case. Here is the text of UPC Regulation 11830. Section 71 contains more information on the subject. 11830. Mandatory Close-Out for Short Sales (a) A contract involving a short sale in Nasdaq securities described in paragraph (b) hereof, for the account of a customer or for a member's own account, which has not resulted in delivery by the broker/dealer representing the seller within 10 business days after the normal settlement date, must be closed by the broker/dealer representing the seller by purchasing for cash or guaranteed delivery securities of like kind and quantity. (b) This requirement shall apply to Nasdaq securities, as published by the Association, which have clearing short position of 10,000 shares or more and that are equal to at least one-half (1/2) of one percent of the issue's total shares outstanding. (c) This mandatory close-out requirement shall not apply to bona fide market making transactions and transactions that result in fully hedged or arbitraged positions. [Adopted eff. July 14, 1993.]