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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (671)	4/28/1998 1:21:00 AM
From: TraderGreg	Read Replies (1) \| Respond to of 9440

But most of the shorting of BB stocks is not done thru "borrowing" street shares, it's done off shore or in Canada and it's naked and intense. And as far as calling all certs, 99.9999999999999% of the time that falls flat on its face. Shares almost always seem to be available and one MM may, in a pinch, borrow from another MM(who may actually be long!!) as a quid pro quo for a similar favor rendered in another stock. And one of those true blue longs always thinks it won't hurt to sell just a "few" shares. And some MM always seems to take like 3 friggin months to deliver the certs, yada, yada, yada. Often when a squeeze is announced, the run up typically occurs due to momo players buying, in ANTICIPATION of the proverbial "squeeze". Some shorters get very gutsy and short more, thus loosening some shares from all those so called cert holders, and well you know. And puhhlleeeeeeeeeeeze, don't get the SEC involved, they invariably "help" the longs by putting a trading halt in effect, pointing fingers at the usual suspects. With friends like the SEC,... I would agree that if all the shareholders called their certs and all signed a blood oath not to sell and all brokers enforced, really enforced, the requirement to deliver upon the shorters then maybe it would work. And if "ifs" and "buts" were candy and nuts... TG