SI
SI
discoversearch

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 : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?


To: stan s. who wrote (4205)3/23/1998 6:54:00 PM
From: Goulds  Read Replies (2) | Respond to of 7054
 
Stan, The body of Keywest Securities release states " Keywest Securities is a marketmaker and holds a position consistent with their recommendation."

As they have a position of 49,600 shares, and their position is consistent with their sell recommendation, would that not be indicative of the fact they are short 49,600 shares?


As they are short such a large block, given the strength of the final 1/2 hour of trading today, it would look as if their recommendation was a panic move to combat the interest in purchasing ACRT the article in the WSJ has generated. Too little, too late.

For a shortseller to use this type of play to try and hurt the price of ACRT is kid's stuff compared to what Dan Loeb and company have been doing. I have to give Key West credit. They may have very carefully worded their release, but, at least they didn't lie about their short position in their news release.
At least there are shortsellers with a modicum of ethics when it comes to following SEC rules and regulations.