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.

Microcap & Penny Stocks : WestAmerica Corp. (WACC) -- Ignore unavailable to you. Want to Upgrade?

To: JOE TURMAINE who wrote (39)	2/22/1998 10:52:00 PM
From: Ed Bowes	Read Replies (1) \| Respond to of 749

Well, I don't know much about short selling either. I don't sell short. But I will take a stab at it: 1.) It could be the reg s shares you're talking about. If so, I don't know what the impact on us would be. 2.) Some folks in Jan. figured the stock price was headed to .01/share and figured it was a worth to short (note that if only 20,000 shares are shorted at an average price of .06/share, that's $1,200 bucks). Just some guy who probably figured that he could short 20,000 shares, get 1200 deposited into his account and then buy at .01 to fufill his short (making a whopping $1000). If someone actually did this, they really went out of their way and shows no .... no .... I don't know what the hell it shows. After the comissions, this person would still lose on the deal. I think it is related to some technical reason as you see. I wish I new more about reg s. Overall, I don't think it matters too much. Cheers! Ed.