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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Miller who wrote (721)	10/30/1997 12:08:00 PM
From: DDS-OMS	Respond to of 4571

<If your broker can borrow it , you can short it.> True. but then that's the rub--if a stock is not marginable--IT CANNOT be borrowed and therefore can't be shorted. Most brokerages wont margin a stock below $5, but there are a few that will margin lower prices, but NO broker will margin a stock selling for less than $3. Ask your broker if you can short BCMD. He may say sure--if he doesnt have it in his customer's accounts, there are a couple of national search firms that will try to find shares available from some other broker, but none will be available. BTW, just hitting the minimum price to be marginable is not enough, most firms require the stock to trade above the floor for 20 or 30 consecutive days berfore they will let youu margin it. I recently tried to short a stock selling at $3.75 with 35MM shares outstanding and trading average 500k a day,and could find no one in the US or Canada that had the shares to lend.

To: Mr. Miller who wrote (721)	10/30/1997 1:59:00 PM
From: tech	Read Replies (4) \| Respond to of 4571

Mr. Miller, you did not understand what I was saying. A JV is a good thing, but it doesn't prove squat. That is why I used the Bre-X example. Their $400 million JV helped the stock, but there wasn't gold. Now do you see my point? Here's what I wrote before... "Getting a joint venture does not prove anything. Since you're new to the mining area, you may not have known that a company put up $400 million to JV with Bre-X when they had first obtained positive samples. I don't think a JV will convince the public, only a quarterly or production numbers can." 1. A joint venture does not prove there is gold. 2. Bre-X had a joint venture, but there was no gold. 3. Because of Bre-X, the public takes JV's less serious. Got it? Tech