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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: RocketMan who wrote (21773)	8/14/1998 10:02:00 PM
From: paulmcg0	Read Replies (1) \| Respond to of 50264

No, the trick is that you short the stock (the shares you got for free) that you own because you think it's going down, and you want to lock in a profit. But, if the stock moves up, you're covered, because you have the shares in your account. It's kind of similar to the rationale for buying option puts, except that small company stocks don't have puts traded on places like the CBOE. I don't think it would be that difficult to get a certificate even for shares you don't already own. For example, a lot of OTC BB stocks dilute and greatly increase the number of shares outstanding (I recall that there were some comments made here some time ago that DGIV diluted its shares by increasing the "float".) Also, if you are a broker, you could always try to obtain some shares that were sold under Regulation S, outside the U.S. There are a lot of games that brokers can play -- for example, did you ever notice that there have been a number of stocks where the short interest was many times higher than the "float"? That would indicate that "naked shorting" is going on. As far as Che Guevara goes - I'm not a fan of his, but I did put up that picture to tick people off. Maybe you should have used another quote from Che: "I am not a Communist, but the Americans could make a person into one!" Paul M.