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

To: TraderGreg who wrote (3802)	12/17/1997 7:38:00 PM
From: Land Shark	Read Replies (3) \| Respond to of 11708

I knew this stuff about calling in the certs was just nonsense and had raised the question earlier about the infinite supply of illegal shorts. Those of us long can call in our 1 million or so certs, but ol' shorty can short 1 billion. But, when he has to cover does this mean he has to buy a billion to cover? Naked shorting seems to be a very risky business and ol' shorty will go to any length to short a stock to zero. I've heard of the negative hype thrown around in other threads (NETZ comes to mind). And I believe that CSMA has been assaulted in other forums. As been told before, fundamentals win in the end. Earnings (real or potential) will generate buying interest and cause upward movement. I believe that C$MA has a very good reward/risk ratio. Remember that short term movements of stock have NOTHING TO DO WITH FUNDAMENTALS! Go long and you can't go wrong. looong on CSMA!!!!

To: TraderGreg who wrote (3802)	12/17/1997 7:44:00 PM
From: David Smith	Read Replies (1) \| Respond to of 11708

Greg, you are wrong. I thought we went though all this. Let's say XYZ stock has 1 million shares in the float. Investors of 900,000 shares call for their certs. Said investors get certs. Now MM's start shorting the stock without borrowing. They sell an additional 300,000 shares. NOW the investors of these new shares call for THEIR certs. There are not enough certs available. The brokers where these investors bought will have to contact the selling brokers through the transfer agent and demand that the sellers of those 'vapor' shares come up with REAL certs. Only way they can do this is to buy on the open market but they will not be readily available so a short squeeze takes place. Sorry, but 'Insider' is wrong. David