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To: Bilow who wrote (28797)5/9/1998 7:55:00 PM
From: Kashish King  Read Replies (1) | Respond to of 33268
 
The traditional solution is to call for your certificates.

Oh, is that the "problem" Smellhigh? Why didn't they think of that? Are you aware that you just checked off another item on the list of major red flags of failing companies? That's right, when people are being solicited to "get the certificates" that's a major sell signal. I wish I had the link but there's a list of warning signals used to identify company shills and agents. Another rather obvious and well-documented warning signal are individuals who continually contribute information on a single stock without ever being critical of the company or its products. I'm not making this up Smellhigh, I'll try and find the link for you.

Let me ask you this: could insiders have a stake in short or vehicles which are effectively short? Did you see the high volume decline which led up to the earnings report? Did you see the lame press release? Is it possible you're being taken for another ride when you though you had just endured the ultimate loss? I know it's difficult to tell legitimate questions from rhetorical hype on this thread but rest assured those are legitimate questions.



To: Bilow who wrote (28797)5/9/1998 9:53:00 PM
From: Marshall  Read Replies (1) | Respond to of 33268
 
Carl - it's hard to accurately track true short interest. It is my understanding that while the amount of shares held short by a firm's clients must be reported, any imbalances in a MM's internal "non-holdings" do not have to filed as short interest. In other words a MM could feed the market with shares at any time and for as long as it wanted to but, since it is on their records, these things usually balance back out in time.

"Rod" is right though - if a company issues a letter urging its shareholders to "call in their certificates" it often appears to be a cheap last-ditch attempt to ease a short situation.
In other cases groups of investors have tried to band together and initiate this activity on their own but historically this does little more than to aggrivate the entire situation.
The main problem is that the whole system lacks real closure at specific intervals and until the SEC sees fit to re-write the regulations we're stuck with it.

Luckily these type of things usually take care of themselves in time - either the stocks finally get low enough that it becomes attractive for the short sellers to close out their positions and move on or the companies in question begin issuing news which makes being short the shares less attractive.