SI
SI
discoversearch

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 : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: on parole who wrote (6158)9/15/1998 8:46:00 PM
From: Handshake™  Read Replies (1) | Respond to of 25548
 
R, good luck on that research, the NASD manual does not specifically determine it. NASD pawns it off to margin requirements, According to what I have read, both NASD and SEC guidelines, there is no such thing as a "set date" in which the books have to be covered. It is strictly a balance sheet thing that obviously can be corrected through very "interesting" tactics, monthly even quarterly. You will see this on a lot of banks and brokerage house acccounts on their balance sheet. It is just not called "long or short trades". It is generally hidden my some title as "short term securities" or something similar. As far as Canada, it appears and from what I have been told by my good buddies from the north is that Canada has to "equal" their books every month. THAT DOES MEAN they have to cover. IT MEANS they need to be "creative" every month. We have discussed numerous ways in which to squeeze these "shorts", but without full compliance from the COMPANY is will not work. Thats right you read that right. Us little ol shareholders are not the ones to blame by not reggging our shares. Its BS when they put on a "squeeze play", only for them to issue more shares and have a wingman playing with ya...Of course I am not referring to Medinah just BB's in general...lol!!!!!

:-)