Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Radica Games (RADA) -- Ignore unavailable to you. Want to Upgrade?

To: David who wrote (1934)	1/15/1998 9:34:00 PM
From: Skywatcher	Read Replies (1) \| Respond to of 7111

A lot of it comes from everyone having their certificates in the hands of the brokers. Most people don't get em and let the house, etrade, schwab etc hold them. Many times they then become available for shorting. I think this system has helped cause the shorting epidemic that Nasdaq has...and naked shorting...not having any certificates goes on and has little enforcement in my experience. chris

To: David who wrote (1934)	1/15/1998 10:46:00 PM
From: bajaseatrader	Read Replies (3) \| Respond to of 7111

I will try to explain shorts by market makers .They cannot legally sell stock on the bid short to drive the price down.They can only sell short to buyers on the ask price.This keeps the shorters from driving the price down with their selling.Illegal short sales occur when sales are made by hitting the bids driving down the price. These illegal short sales are not designated as shorts so they are not reported in the short volume.Brokerage firms are not subject to the same rules the public are regarding delivery of securities.They can also borrow stock from other firms or fail to deliver over an extended period .This gets very complex and you would need to understand brokerage accouting . I heard today FAHN was trying to borrow 100k shares of our Radica. Hope this helps explain it.