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To: HRAKA who wrote (5302)4/18/1998 11:42:00 PM
From: kennbill  Read Replies (1) | Respond to of 7703
 
Will do that first thing Monday by phone. Also, I've replied to their Email to double check. If it's correct, I think they will be getting more than my business next week. Initially they said it was on the list.

Did you ask before it went above $5??



To: HRAKA who wrote (5302)4/19/1998 8:45:00 AM
From: Dixie7777  Respond to of 7703
 
Though American brokerage houses do not allow individuals to short stocks traded on the OTC Bulletin Board, anyone willing to put up a 200% cash reserve can do so through Canadian firms.

Indeed, market makers in these stocks, and even stocks listed on Nasdaq's Small Cap market, do not have to follow the normal Nasdaq rules requiring traders to short only on an uptick.

They also do not have to settle a short position within the otherwise typical 10-day period. That is, these traders can establish naked short positions and hold them indefinitely, or until shareholders call for physical delivery of shares, which puts pressure on the clearing firms to produce the stock certificates.