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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!! -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (481)	3/8/2006 5:17:18 PM
From: rrufff	Read Replies (1) \| Respond to of 5673

It's funny, I saw lots of great shorties get killed shorting the airlines in bankruptcy and then there was OWENQ. I was rushing around trying to short that one after they put in their filing that commons would likely get nothing. If I recall, it went from under a buck, straight up to over $5. I was glad I never got a borrow. Nothing is ever a sure thing. LOL

To: StockDung who wrote (481)	3/8/2006 10:57:50 PM
From: ravenseye	Read Replies (1) \| Respond to of 5673

Message Boards \| Overvalued Stocks : Anthony @ Equity Investigations, Dear Anthony To: Janice Shell who wrote (89170) 1/6/2005 7:31:05 PM From: AsturiasPh.D/MBA 89171 of 93941 Anyone ever hear the words "Naked Shorting" brought up in the Elgindy case? Not once. Message 20923790 Day 25: 12/14/04 Michaelson - direct - Berke 5251 1 short squeeze? 2 A Yes. 3 Q And what happens if you have a short position, no matter 4 how right you are about the company ultimately going down to 5 zero, but what happens if there's a short squeeze? 6 A I would be in an underwater position. 7 Q What does that mean to be in an underwater position? 8 A It means -- well, it depends what I would do in reaction 9 but if I didn't do anything, I would just have an unrealized 10 loss on that position. I'd be -- I would have -- it would be 11 worth -- I would have lost money on it. 12 Q Even though you were right about the company being a 13 scam, you'd still lose money? 14 A Yeah. 15 Q And while we are talking about that, have you heard of 16 something called buy-ins? 17 A Yes. 18 Q What are buy-ins? 19 A Buy-ins relate to the fact that you have to borrow the 20 shares in order to short them. The shares come from 21 somewhere. Even in Canada which supposedly was naked shorts 22 you get bought in. So, the brokerage can just make a trade 23 for you without your permission because they have the right to 24 call in -- you have borrowed shares when you short a stock and 25 if the person who lent them to you or somehow in the system HOLLY DRISCOLL, CSR OFFICIAL COURT REPORTER Michaelson - direct - Berke 5252 1 wants them back, you have to buy them in the market and give 2 them back. That's -- it's much more complicated than that. Message 21746809