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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?


To: doug who wrote (1733)3/29/1998 12:30:00 PM
From: Gary H  Read Replies (2) | Respond to of 8117
 
Doug, Good posting! Lot of good info. I have PYT both in and out of my RRSP. Now I think it should all be in rather then out.

Cheers,



To: doug who wrote (1733)3/29/1998 1:13:00 PM
From: the Chief  Read Replies (1) | Respond to of 8117
 
Hi Doug.You said:Basing investment decisions on published short positions is ludicrous as only uncovered shorts must be reported!

Totally agree! However, the stock did ramp quickly then showed extreme volatility right after reaching its peak. Although not a "classic" short play. It did attract "short attention" after peaking at the high $6's.

I, unlike others, prefer to have shorts involved with a stock. It provides significant "momentum" to a stock when they are wrong!!It also can stem the fall prematurely, when and if, they cover early.

The only thing I disapprove of is "outwordly lying about the company" to move the stock "one way or the other!! This can be "turned" into "opinion" on the internet. So I consider the $100.00 hypster, as bad as, the prediction of $1.25 for the shorter. The internet provides a larger forum for both!

the Chief



To: doug who wrote (1733)3/29/1998 5:08:00 PM
From: AH  Respond to of 8117
 
My understanding is that the rules regarding loaning shares from client's account vary from one brokerage firm to another. However, as I heard from my broker (Midland Walwyn), they CANNOT loan my stock that I paid in full for, even though I keep the shares in my margin account. They CAN lend shares that do NOT belong to me ie I bought them on margin and paid, say, 50%.

Good job, Doug.



To: doug who wrote (1733)3/29/1998 9:35:00 PM
From: Ravi Philar  Respond to of 8117
 
Doug, can't thank you enough for a clear explanation, and in plain English at that. Am I right in supposing that by asking for the share certificates, I may inconvenience myself by having to physically deposit them with my broker before he/she can sell them? That is, there is some loss in trading flexibility and speed. Is that correct?