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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Juli who wrote (9177)	10/11/1998 12:30:00 PM
From: JOE MEDSKER	Read Replies (1) \| Respond to of 19331

J, <<<<They told me that bulletin board stocks could not be loaned for shorting.>>>> Fidelity gave you the correct answer but in reality they do not practice what they preach. It's a way of life for the MM's of bulletin board stocks. If they can make a profit they will short the stocks they make a market in. Even though it is illegal they will do it until someone files a complaint with the SEC and the NASD. Which is what Joe is doing next week. What will happen is the MM's will receive a stern warning and will be given 30-60 days to make a good delivery on the shares. The reason why a broker will lend the MM's the shares is that they receive anywhere from 1-5 cents per share per month. I guess every firm has their price. Best Regards