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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Spiral600 who wrote (3029)	1/23/1999 8:28:00 AM
From: Tom Shutters	Read Replies (2) \| Respond to of 11130

Bob, I am way behind posting and would like to attempt an answer to your last question. My experience with OTC shorting is that the MM's do the shorting. The bookkeeping has been very poor with OTC stocks. This means that those precious OTC shares you own may not even exist. When the MM is in a mood to buy, well he buys. When he is in a mood to sell, well he sells and sells and eh sells. They like selling better than buying and they love hype that runs the price up. I believe I read a news release a few days back about the SEC clamping down on OTC stock bookkeeping. My initial thought was that all the OTC stocks would go up as the MM's would have to cover at least a few of those millions and millions of shorted OTC stocks. Just my two cents worth. Tom

To: Spiral600 who wrote (3029)	1/23/1999 8:32:00 AM
From: Wayne Rumball	Respond to of 11130

Well I read a bit of DG's post, enough to have to move on before I puked. He falls in love with his stocks. Does too much DD. If 200K is going to make or break this company then head for the hills. About shorting, I can short anything at any price. OTC is tough to do though, have to short on an uptick, means I have to short at the ask or just above the bid on a run. Who want to short a stock on a run... That's the good part of being Canadian, making up our own rules as we go.

To: Spiral600 who wrote (3029)	1/23/1999 10:03:00 AM
From: LANCE B	Respond to of 11130

thoughts on gsic.....you will have to wait it out do not know what $ percentage of your portfolio you spent on this stock.....but it will pay off... when is the big question.....i do not doubt that gsic will eventually get to the news they have promised.. remember, i still have my shares of gsic that i bought at .15...truth, though i have sold 15,000 of the 25,000 so i am sort of taking a free ride...... as for dave gore...he has been on s.i a long time and is generally very good with his obeservation of a stock..(did not see his post though) only you know the percentage of your money involved....that is the main decision you have to base it on....no reason to panic.... but if you have not called the company yourself....well get on the phone on monday and find out for yourself whether this is a stock you want to be holding....