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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: VLAD who wrote (17706)	1/12/1999 1:03:00 PM
From: Mkilloran	Read Replies (2) \| Respond to of 23519

Vlad...if the shares are in a MARGIN ACCT they are by default kept in street name and are available for the broker to lend out to the shorts. Since people have already put up 100% cash...the NEXT STEP is to have your broker move your VVUS stock to a CASH ACCT and request that the certificates be delivered and not kept in street name. This causes the broker to go out and RECALL the shares from the SHORTS who in turn have to BUY the shares back to DELIVER them to your broker. The last time this action was attempted on this board it worked shorts were complaining that they got CALLED and had to COVER their shorts. TO ALL .......CALL YOUR BROKER .....make them work FOR YOU.

To: VLAD who wrote (17706)	1/12/1999 5:53:00 PM
From: mrvn t. martian	Read Replies (1) \| Respond to of 23519

im new to the board but would just like to clarify something. since the stock is under 5, you cant own it on margin, even if its in a margin account. be that as it may, the reason shorts can short this stock is simple. once they make a market in the stock, they can do whatever they want, long or short. they can short the stock as long as they can borrow it. its the clearing firms that are the culprits here. they lend stock to every tom dick and harry that wants to short it because they make money on the margin interest from loaning the stock. its that simple. however, if everyone hypothetically was to have their stock delivered, there would be a MAJOR problem for the shorts, and you would have one hell of a squeeze. btw, i know this because i am a trader ( i am long vvus ) and find it relatively easy to short 2 and 3 dollar stocks at will. hope this helps in the discussion.