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Non-Tech : LOCK (Saf-T-Lok) -- Ignore unavailable to you. Want to Upgrade?

To: Anaxagoras who wrote (714)	6/4/1998 5:14:00 PM
From: Tekktrader	Respond to of 1039

David CG-- By the way, I also shorted LOCK at less than $5 (the first time around) and then again at almost $6. CIBC Oppenheimer and Salomon Smith Barney found the borrows. Anaxagoras' advice to you is correct--the $5 threshold has nothing to do with whether you can borrow and short a stock, its just that you can't typically short a stock on margin below that level. So, you gotta put up collateral to cover your short. I covered my short a week ago at a per share average profit of over $1, so you won't see me around this piece of crap again unless it hits up around $6 again and then I'll be back. I don't have the patience of others for short plays---if I did, I'd just hold the short for the inevitable day when this sucker collapses. Its not just that the company and its promoters are scammers that bothers me--its that they are so blatant with this scam and the buying public is so outrageously stupid as to fall for it. Sheep everywhere!

To: Anaxagoras who wrote (714)	6/4/1998 9:52:00 PM
From: DavidCG	Read Replies (1) \| Respond to of 1039

First, Little man. You've proven only exactly what I said. Thank you! :) I said ,you, as an individual, can not short LOCK below $5, and you admit as much. My point made. I asked you to provide me with a name of an american brokerage that would do so for you, and you could not. Instead, you offer me basic knowledge in any basic 101 book on stocks defining Federal Reserve Board rules as it applies to margin. And somehow, you consider this proving your point. That's like me asking "How is a diamond formed?" and you answering that there are three classes of rocks: Igneous, Sedimentary and Metamorphic. So what? And, again, LOCK, if you read back to my initial statement on it... I clearly stated, that it wasn't my fondest investment vehicle (yet somehow this is construed as hype?..ha). However, you are a complete and fool to believe that child gun shootings and gun lock laws being passed aren't going to surge up this stock price from time to time on momentum plays. But you must have missed that since you don't read my past posts very well. A "hype job" would have me claim, the management team was god-like, so is their product, so are their financials, etc.. And yet, I don't make such claims. Since history of the LOCK stock chart shows that LOCK has risen several times in the past on momentum due to news or news events... I submit that it will continue to do so in the future. And these jumps are large. As much as I despise ignorance, I also don't wish for anyone to lose money in the markets. So, if you are somehow (maybe in your mind or as you paper-trade in your high school class) shorting LOCK at $4.50 and another tragic school shooting takes place or lock law is passed.. your short position at this high of a launching pad price will be blown away. But since I have liquidated my position for a tidy profit, I do hope in the short term, that LOCK does allow me to buy shares again below $4.20 so that we may meet again and have these wonderful stimulating conversations. I shall return when the price or events meet my needs..see ya whiz kid! Good Trading! -DavidCG