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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 (22850)	8/22/1998 11:07:00 AM
From: E'Lane	Respond to of 50264

Oh..you ARE good...very, very good!!! BUSTED!!! ROFLMAO!

To: RocketMan who wrote (22850)	8/22/1998 4:07:00 PM
From: paulmcg0	Read Replies (2) \| Respond to of 50264

[They deny that you were able to short BB stocks through them] What kind of lies and quoting out of context did you tell ETrade?? Here's what their page on shorting a stock says, and you will note, that there is no mention of OTC BB stocks: ----------------------- Short Sale Requirements You must have a margin account. * ETRADE must be able to borrow the shares for you in the first place. The security being sold short must be a marginable security valued at $5 or more per share. * The trade can be executed only after an uptick (or zero-plus tick for listed stocks). * Short positions are subject to buy-in at any time if ETRADE cannot continue to borrow the security. ----------------------- If you go back to the original post, Message 5494778 , you will notice that I said short the OTC BB stock after it climbs above 5 dollars a share. There are other brokerages who will let you short below $5 a share though. Also, as far as "shorting against the box" goes, I've done it before with ETrade, last fall, but as I pointed out in Message 5502946 and Message 5503141, "You can short stocks that you own -- I've done it before with a Nasdaq stock", which was the reference to ETrade. Notice that their customer agreement [above] does not prohibit you from doing this to an OTC BB stock. ETrade is similar to other brokers. I suspect you sent inflammatory and misleading e-mails to a low paid ETrade customer service representative who didn't know. And, speaking of ETrade, did they tell you that they accepted my order last week for 500 shares of DGIV at 1 dollar per share? (More than it is worth, but I was experimenting with the OTC BB trading system. No, they weren't able to fill that order, but it did get entered into the OTC BB system.) Paul M.