To: Secret_Agent_Man who wrote (2367 ) 5/3/1998 3:26:00 PM From: bullmarket Read Replies (1) | Respond to of 50264
Dear Byron, thanks for relaying that post. great reason for demanding stock certificates: it allows our share price to maintain its high value (we will definitely reach this "high" number with the imminent developments) without backsliding by the shorts. We all know that as DGIV (or any other stock) reaches a certain high value following manor news, it will backslide due to a number of factors-profit taking, short selling,etc... if we can ELIMINATE the short sellers, DGIV will not backslide as much (only profit taking would cause the backslide and many INVESTORS may actually sit and wait for the NEXT PIECES of NEWS, knowing this company's potential/ hence profit taking may be quite minimal). Therefore,a higher plateau would be reached without the shorts before the next news carry DGIV to another all-time high. So, the only downside to asking for the certs ,IMO, is this: it may make selling more difficult (although it is only an inconvenience, since one can still sell) and make daytrading DGIV harder. To long -term INVESTORS, you have to ask yourselves: Would you rather have your share price be high and NOT be affected by the shorts and be slightly inconvenient when it comes time to sell your shares. Or do you want to have the convenience but see your portfolio at a lower value?? Another thing, eliminating the shorts should reduce the wild swing in the stock price, which would scare away future investors or tempt those already in DGIV to sell/daytrade the stock. Without the shorts, DGIV stock price should steadily go up, making it more attractive to new investors and induce longs to stay in!! Just my two cent worth on this issue. Byron or any one who knows: does it cost the investors anything to ask for the certificates???