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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: sweez who wrote (1266)	11/20/1997 4:10:00 PM
From: Ellen	Respond to of 11708

Your explanation is clear too. Thanks. Don't know about needing/having a margin account to do it. I'm strictly a cash account myself.

To: sweez who wrote (1266)	11/20/1997 4:11:00 PM
From: Ronald de Castro	Read Replies (1) \| Respond to of 11708

That makes sense. Okay let's say shorty put a stop @ $1.30. The price keeps drifting lower and lower and shorty keeps making more profit. So he keeps dropping his price as well to protect this profit. The price goes down to $1.04b and 1.08a area. By now, hypothetically speaking, shorty drops his stop to $1.10 or something. A new wave of buying comes in and the ask hits the $1.10 and all the stops that shorty has @ $1.10 are executed. Which in turn looks like to us, a HUGE wave a buying is starting to occur and the price shoots back up fast and furious. Which is what seemed to have happened today. Is this a possible scenario of what may have happened today? To the people who bought in today at these low prices and to the people who didn't budge and sell any of their shares...Congratulations. Now on to bigger and better things. By the way, I am impressed with the total number of shares that people own from just SI members. If there's any non-SI members that want me to report there shares then email me @ rdecast@orion.it.luc.edu By the way, I have just a mere 2,000 @ an avg. price of $2.30 So you know I will be holding...i ain't letting shorty take my money...That's Wrong!

To: sweez who wrote (1266)	11/20/1997 4:31:00 PM
From: TraderGreg	Read Replies (3) \| Respond to of 11708

<Never shorted at stock.Thougt U must have a margin account Must be missing something. What?> You're right sweez. You and I do need to short with margin accounts and furthermore with marginable stocks. These shorters are wholesalers and they gits different rules. Moreover, many of these naked shorts on CSMA are against shares that have not been loaned out by other firms. That's why we're asking everyone to get their stock certificates. When that request is nearly completed, anyone who shorted your shares, without your broker's permission, must immediately cover-subject to Federal Reserve/SEC time limits of 3 to 9?or 12? days, not quite sure, but there are serious time limits. BB stocks are extremely vulnerable to this sort of crap. TraderGreg