SI
SI
discoversearch

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 : ALYA Cost cutting system via software as well as security -- Ignore unavailable to you. Want to Upgrade?


To: Essam Hamza who wrote (1105)7/2/1998 11:56:00 AM
From: DrMedina1  Read Replies (1) | Respond to of 2534
 
The article sounds autobiographical to me, Essam, though Sherlock is not the author of that post. It has been through many iterations, but one place you can find it is
exchange2000.com

The one element that is left out of the article is the monthly reporting on the 15th, and the provisions of the Net Capital Rule that in essence require MM's to escrow significant funds against underwater short positions.

Short MM's only win if investors cut and run. Otherwise, as buying continues to come in, sooner or later, they will be overrun. Just like it is impossible as a practical matter to buy every share on the open market, it is also impossible to short out the whole float.