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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Ploni who wrote (4949)	3/13/1998 4:00:00 PM
From: Jumper	Respond to of 18691

On Jan 1 1999, all OTC issues traded on National exchanges will be marginable and therefore shortable. I had to speak to some people at the fed this morning to resolve a FSTW issue and found that out. After 1998 they will discontinue the publication of the monthly published list of marginable securites- making all issues available. (Not certain about $4/5 restriction) One of the discounters is now advertising a lower $4 margin line I forget who. Competition may reduce this line further and then we can short companies like WADE etc.,

To: Ploni who wrote (4949)	3/13/1998 4:04:00 PM
From: LTK007	Respond to of 18691

<My order was rejected. That means very few people will be able to short it: market makers, Canadians, and perhaps some day traders can naked short it (but only for a day trade, without being able to take it home overnight).> That's a shame.I was going to make this my first ever short.As they are,I gather simply going to run out of cash soon.It is obviously a Waldron and Insider pyramid scheme,I think.At some point they are going to dump.When this bubble burst its free-fall.Does seem wrong that this is not available,but I understand(maybe wrongly)that if one sets up a canadian account one can short these OTC/BBs max90

To: Ploni who wrote (4949)	3/13/1998 6:10:00 PM
From: Allan F	Respond to of 18691

-Fed buying S&P futures- I believe it. In general terms. The part implying the executive branch is lining their own pockets and the Vince Foster murder is a bit of a stretch. I do remember National Review's financial columnist commenting that rumors were circulating that the Fed headed off the big down-turn in the summer of '96. The Fed already trades in the currency markets. Given the public's dependence (via pension plans etc.) on a stable positive stock market it is no surprise some bueracrats could rationalize such behavior. Heck, there is talk about "investing" the SSA in stocks. That gets far more mileage than I would have ever thought. Why not the Fed? It has been outside the bounds of direct government control since day 1. -Allan