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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?


To: Author51 who wrote (1870)7/4/1998 9:55:00 AM
From: Author51  Read Replies (1) | Respond to of 3817
 
A repost of my last on CW......I think if we get together and call NASD, and the SEC, and propose some changes, perhaps someone will listen.....Happy 4th!!!....Peace
Posted by Psychopop on July 03, 1998 at 08:02:36:

I hope no one misinterprets my comments re: "shorting".....The shorting of stocks is a perfectly legitimate trading strategy......I
have no problem with it, although personally,....I don't engage in it.....My problem with the shorting of NTAH is that I for
example, if I wanted to short a, let's say 50c OTC-BB stock, can't do it.....In order to short in the US the stock must first be
marginable....A 50c stock is not..However, if you are in CA. for example, you can short these stocks....I simply think that's
unfair.....I believe we should either eliminate the shorting of non-marginable securities thru foreign exchanges, OR allow it in the
US.....I definitely believe the "short interest" in ALL OTC-BB stocks should be reportable by regulation....The disadvantage
imposed by the exchange, and the lack of this vital info. puts the average investor at a disadvantage.....Peace