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 : JAWS;A P/E of 2 with 150%/yr Erngs Growth!! -- Ignore unavailable to you. Want to Upgrade?

To: JCinTC who wrote (816)	4/27/1998 2:44:00 AM
From: James M. Chittenden	Read Replies (1) \| Respond to of 4230

Broadway- One valuable step we could ALL take is to REMOVE STOP-LOSSES from our shares. I have no stop loss. Yes, it takes guts and faith. However, if and when the marketmakers begin churning, dropping bids in order to create the illusion of a huge sell off, automatic stop losses can start kicking in, which creates more outstanding shares, which drops the price further, which panics people, giving the unfriendly marketmakers what they want- cheaper shares and short covering at YOUR EXPENSE. It is a leap of faith, but faith is what it takes to lift the price up to where a handsome profit can be made by all. Any thoughts?? While on the subject of unfriendly marketmakers, I have called my broker and talked to two different managers at two different times about share certificates being loaned out for shorting. My brokerage caters to military officers (USAA) and is known for being a very straight up company. Both assured me that it was totally against company policy to loan out shares from a cash account (margin accounts are fair game), and that they would stake their jobs on the fact that it did not happen. Safekeeping is another option I haven't explored. I want to take no chances. By the way, Broadway, is there any way you can know which marketmaker firms or individual marketmakers are short? You may want to share that information with the company, Jeff Brommer, and Sitra. They are best able to fire a missile or two at them. By the way, that was a terrific post. I printed it out and will read it often. Cordially, Jim