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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS -- Ignore unavailable to you. Want to Upgrade?

To: The Street who wrote (798)	9/20/1998 6:19:00 PM
From: Ice Cube	Read Replies (2) \| Respond to of 1637

The Street... your right on, taxikid is a rookie, here's why.... In Canada you don't even need the money.... They "rent" stock up there.... long and short side..... They have an 8 day cover window, so they can short ANY stock they want, cover within 8 days and never have to come up with the original amount of the trade, they either keep the profit or pay the firm for a loss. Don't forget how they "jitney" a trade so no one can trce where it came from. Also, how do you think a convertable is covered by "investors"???? They give a company let's say $1million dollars in exchange for a convert that has a "floating" or spiraling" conversion feature. Say the stock trades a $2, they bang it offshore (short it) to .50 cents, convert to 2 million shares, cover the short and make a shit load of money. I gave a very BASIC example, there are many ways to play this game, just the general public is NOT invited. For those of you who do this, you know what I speak of..... Taxikid, you are in a big boys game, and you have neither the knowledge or skill to play......

To: The Street who wrote (798)	9/21/1998 4:05:00 AM
From: taxikid	Respond to of 1637

you can sell a non-marginable stock in a cash account.??? i can't hiow can you. you are paper trading. theory maybe but in the real US world you cannot. I am not concerned with changing my citizenship status to trade stocks or short pennies. as far as my supposed poor understanding of foreign rules, i elect not to know what my rights would be if i was a citizen of rwanda. i have seen some of your diligence, but it still does not prove much. try and get etrade or datek to allow you to short non-marginable stocks thru your cash account. It won't happen.