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Microcap & Penny Stocks : NETZ - gets deal with DEC! future 100 bagger? -- Ignore unavailable to you. Want to Upgrade?


To: TraderGreg who wrote (1367)12/17/1997 2:32:00 AM
From: DGMAC  Read Replies (1) | Respond to of 1702
 
Good question, probably better answered by Insider. I do know of one occasion in which I was involved with a NYSE stock that was delisted because it had an insufficient number of MM's. I never looked too far into it because the firm, Kidder Peabody (at the time), made me whole.

DGMAC



To: TraderGreg who wrote (1367)12/17/1997 7:11:00 AM
From: dealmakr   Read Replies (1) | Respond to of 1702
 
TraderGreg,

Naked shorting of BB stock by MM and others happens all the time. legal or illegal it doesn't matter. Money talks. Sometimes a stock is targeted for shorting to institute a terminal short where the position never has to be covered when the company goes under. From what I understand taxes don't have to be paid either, because the position is never closed out. This is big money at work here. The only way to combat this threat to a company is to have the backing of that company, it is very difficult to have the capitalization of a group of investors work against the shorters as its usually too small and unorganized. Calling for certs is a good way to begin the fight IMO.

Dave

PS: Email me your phone# and I will tell you a story about one.