Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Author51 who wrote (2120)	7/10/1998 12:45:00 AM
From: Robert	Read Replies (1) \| Respond to of 3817

John, The settlement day is not a theory it is fact. Take for one example you buy 1000 shares of XYZ company. Then you decide later that day you want to take delivery of your shares so then you call your broker and say "Hey I want all my shares of XYZ". He will tell you NO WAY I promise. Why? Because you have to wait 3 days till settlement. So now you go "OK I'll call back in 3 days". The 3rd day rolls around an you call and say "Hey I want all my shares of XYZ" He will then say OK and hang up. He will then call the MM that took the order and say "Hey I want all my clients shares of XYZ" The MM doesn't wanna show a loss so he starts playing the games to dump the price. He will continue to short stock to all the other MM's just to drive the price down ( as Alertline has stated ) to where he feels comfortable bidding it. Then grab your shares and deliver them. And keep on shakin the trees. Don't get me wrong I doubt these MM were driving the price down so they can deliver shares but they don't like getting those kinda calls either. And if they do they wanna have a little of that short covered so they don't have to bid up the stock to entice interest. I'll tell you what would be a fun experiment take everyone on this board and on a specific day at a specific time we all order our shares for delivery. I guarantee the stock will rocket. : ) Robert.....

To: Author51 who wrote (2120)	7/10/1998 6:02:00 AM
From: Ditchdigger	Read Replies (2) \| Respond to of 3817

Way to many conspiracy theories..The real question, as John alluded to..Where are all these shares coming from? What exactly is the float number? What previous financing vehicles are in place?Was there a European placement done previously that could explain the volume? What is the outstanding number? Fully diluted number? Granted much of the reported volume may be a result of double printing,but 800K shares exchanging hands is a pretty large number,considering the float is supposed to be around 4m..Hi ho,hi ho,it's off to jackhammering we go<vbg>....DD PS: if,as Ellen alluded to,the bulk of yesterdays volume was on the buy side,and none of you are selling--who is? Or are these new shares, being sold into the marketplace?