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To: Druss who wrote (171)12/3/1998 1:48:00 AM
From: Tracy Moore  Respond to of 3517
 
Buying at the dip on a hi-vol pick- its still a no-lose situation,
as long as you don't eat it the top of the pump or spit it out
at the end of the dump... even a P&D'ed stock will come back up on SHORT COVERING alone... and that's your EXIT VOLUME!!! Its all right out of the FAST AND EASY MONEY PLAYBOOK- make a mistake... and still come out ahead EVERY TIME!!!



To: Druss who wrote (171)12/3/1998 1:52:00 AM
From: marcos  Read Replies (2) | Respond to of 3517
 
"hard to short them, easier for Canadians" - it's not that easy for Canadians, either. I'm a Canadian who deals with three houses, and one day in the summer got the wind up to short a little of one of Janice's BB PoSies - spent hours on the phone - only one house would even consider it, on pretty drastic terms, three times the dollar value down cash in front. Since there was no considerable cash in that account, it would have meant a trip to town, and anyway I don't particularly like those people any more anyway, for good reason. So I'm still a shorting virgin ... it's nice to have something to look forward to.

I understand it's somewhat easier if you're connected with one of a few of the VSE houses - many of the dubious and outright scam efforts have migrated from the VSE to the OTC-BB as the VSE tightened its regs, and the principals and hangers-on in many cases are the same individuals who just about destroyed the VSE in the late 80s, early 90s, or their new friends. Or so they say, in the alleys off Howe Street -g-