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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Bazmataz who wrote (27563)	8/12/1998 8:14:00 AM
From: SargeK	Read Replies (1) \| Respond to of 95453

FGII Decline, Probably short sellers in response to the big drop in crude. Crude will be up today and the shorts will be covering. "Value" Investors should instruct their brokers to disable their margin account and make it a cash account only. Market-Makers/Brokerages are not allowed to borrow shares from Cash accounts for short sellers. Think about it. They borrow your shares and then sell short. If you are buying on margin, they are charging you interest and then shorting your shares. Helluva deal. FGII with 24.49m shares outstanding and only 11.8m shares FLOAT, is an easy target for market machinations. By having cash accounts only, Value Investors (long term) can reduce REAL FLOAT significantly. K