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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Michael Bidder who wrote (8379)12/15/1997 6:26:00 AM
From: Ploni  Read Replies (2) | Respond to of 9285
 
Michael,

I personally am reluctant to short stocks that at are their lows, so I wouldn't be interested in shorting any of the gold stocks.

However, regarding Royal Oaks (RYO), 1 7/16; Pegasus Gold (PGU), 5/8; and Echo Bay Mines (ECO), 2 3/8 -- I think only market makers can initiate a short position in a stock that isn't marginable, and most brokers require a stock price of 5 or higher to be marginable. (Though I've heard that a few brokers allow margin down to around 4 or 3.)

Thus, I doubt that these are candidates for most short investors.



To: Michael Bidder who wrote (8379)12/15/1997 3:51:00 PM
From: tcarnes  Read Replies (1) | Respond to of 9285
 
dear mike thanks for the news will check it out and get
back. thanks tj.



To: Michael Bidder who wrote (8379)12/15/1997 9:47:00 PM
From: scope  Respond to of 9285
 
WoW!!!!Are you suggesting to sell a Pegasus short at 11/16 or Royal at less than 2 buks??