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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: mark hsu who wrote (41953)	1/11/1999 9:09:00 PM
From: john shoemaker	Read Replies (1) \| Respond to of 119973

Brief from an article today on shorting internets. This excessively lopsided buying frenzy means that roughly 20 Internet stocks - among them eBay, Amazon.com, Go2Net, Telcom Wireless Cable TV, and Onsale - are currently categorized by Nasdaq as “UPC 11830” stocks, meaning that they are barred from being sold short by retail investors because it is impossible to find borrowable stock in the market to cover the short positions. The list changes daily. But if buyers still want to buy them - which they obviously do — and market-makers are willing to quote prices for them when they don't actually own the shares, even these UPC-11830 shares wind up getting shorted - not by the day traders but, once again, the market makers. These 19 companies are listed by Nasdaq as unable to be borrowed and sold short by investors because there is no market liquidity left in the stocks. Security Name Amazon.com, Inc. Symbol: AMZN Common Stock ($0.01 Par Value) AmeriTrade Holding Corporation Symbol: AMTD Class A Common Stock ($0.01 Par) Bluefly, Inc. Symbol: BFLY Common Stock ($.01 Par Value) CDnow, Inc. Symbol: CDNW Common Stock (No Par Value) CyberCash, Inc. Symbol: CYCH Common Stock ($0.001 Par Value) EarthWeb, Inc. Symbol: EWBX Common Stock ($0.01 Par Value) eBay Inc. Symbol: EBAY Common Stock Euroweb International Corp. Symbol: EWEB Common Stock ($ 0.001 par value) go2net, Inc. Symbol: GNET Common Stock ($0.01 Par Value) Greg Manning Auctions, Inc. Symbol: GMAI Common Stock ($0.01 Par Value) Infonautics, Inc. Symbol: INFO Class A Common Stock K-tel International, Inc. Symbol: KTEL Common Stock ($0.01 Par Value) Navarre Corporation Symbol: NAVR Common Stock (No Par Value) NetGravity, Inc. Symbol: NETG Common Stock ($0.001 Par Value) Online System Services, Inc. Symbol: WEBB Common Stock (No Par Value) ONSALE, Inc. Symbol: ONSL Common Stock ($0.001 par value) Source Media, Inc. Symbol: SRCM Common Stock ($0.001 Par Value) Tel-Com Wireless Cable TV Corporation Symbol: TCTV Common Stock ($0.001 Par Value) Tel-Save.com, Inc. Symbol: TALK Common Stock ($0.01 Par Value) --------------------------------------------------------------------------------