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Technology Stocks : NTN Communications, worth 185 million? -- Ignore unavailable to you. Want to Upgrade?

To: dwight vickers who wrote (2042)	2/17/1998 4:55:00 PM
From: Rich Genik	Read Replies (1) \| Respond to of 2985

Dwight, Right. So why if a call for shares to be accounted for doesn't force a cover, why does a short on non-existent shares result in downward price pressure? I have to think that the shares really aren't non-existent, just untraceable to their source. If your short is untraceable, then you don't have to declare a short position (cause you can't get caught). If it's really "untraceable" shares and not "non-existent" shares, then these type of shorts would result in downward price pressure. In addition, the "short trap" described would force shares to be accounted for. So, Small Guy's margin account at USA Broker Inc. lends shares to QuickMoney Inc. who lends them to QuickMoney LLP so that Gordon Gecco can short the position, undeclared, by selling back to Small Guy#2 from USA Broker Inc. In this scenario, Small Guys are the ones who lose the money made by GG. Rich