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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (14650)	5/30/1999 2:16:00 PM
From: Richard S. Gates	Read Replies (2) \| Respond to of 25548

CANUCK DAVE: It is my understanding, after talking to my broker the other day, that Canadian BB stocks certainly may be shorted. However, in the USA I've been told that is not legal/possible. To be shorted in the USA, a stock must have a certain value($5.00) I think, and be listed on NASDAQ. Someone correct me if I'm wrong in details, but that's how I understood what I was told. Therefore, it is quite possible that some serious shorting has taken place north of the border. The MM's could be part of it of course, but in the case of "naked shorting", getting out of the problem will be much more difficult! Coz, Handshake, is this basically accurate? The Gipper

To: Canuck Dave who wrote (14650)	5/30/1999 2:17:00 PM
From: Handshake™	Respond to of 25548

Why don't you buy that MM's could be short this stock. Merrill or Swaab or E Trade call up XYZ Market Maker, and says Broker/Head Trader Hey Buddyolpal we got a market order for 20,000 shares of Medinah whats the market? MM: "well its 19 by 21 I'll sell it to you at 20 you can sell it to them at 21" Broker/Head Trader Hey Cute Client we got your 20,000 shares of Medinah at .21 don't forget to send in that check before settlement day..thank you for your business Cute Client pays for his stock but does not request a cert, she gets a monthly statement that shows the 20,000 shares in the account so she is happy the broker is happy that the back office got the money in the account to pay for the trade so everyone is happy right...NOT! The 'ol Market Maker had to make a decision, just like many in the business of trading stocks there are a few that like NOT following the rules. The 'ol unscrupulous MM (though in an extreme minority) decides to not cross the trade. IE go out and buy those 20,000 shares from his own inventory or his MM buddy next door. By doing so he figures hey I read where this Handshake guy says that 99.99999% of all BBs never make it to the big time so I'll just let this ride on my books. I won't cover the trade. If my back office or Mr. NASD or Mr. FBI/SEC shows up I admit that I spent too much time at the A&P and have a warped brain and forgot. So if its at .02 cents he makes out like a bandit. If its at .50 cents whoops he'll take a loss or cook his books and try to come up with a closing trade. This is how these guys get NAKED. The funny part about it, just How in the hell do they expect to deliver the Medinah Gold dividend....maybe Anthony knows that answer, he's got some smarts, I'm justa dumb lit'l ol coonass trying to invest in stocks so I can retire at the crawfish farm....