THE NEW RULE is designed to stamp out what is known as 'naked' short-selling. It works like this: Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. But some professional investors and hedge funds take advantage of loopholes in the rules to sell shares without making any attempt to borrow the stock. The new rule would effectively ban such short-selling. __________________________________________
There are two sides to the arguement;
1) Naked short selling pushes the value of a stock below its REASONABLE market value and should be stopped
2) Naked short selling is necessary to keep the price of a stock down, near its REASONABLE market value, in instances where there are no shares available to be shorted- such as reverse splits or "boxing a stock"
posted
Naked shorting is already illegal in the retail sector (i.e. you and me) but was allowed for Market Makers so they could provide liquidity in the market. From what I understand, the law has been passed to ban all naked shorting for everyone, including market makers, and it is open for discussion until January 5th. I'm guessing the discussion is for ideas to make ammendments to the law if need be.
quote:Originally posted by stockguy04: does this mean that the SEC is gonna put an end to naked shorting?
posted
Its very possible, and likely. Shorting is an important part of keeping the OTCBB in control. If the MM's are limited to shares they can borrow for shorting, it reduces the amount of downward pressure they can exude. There are offshore institutions that will be able to naked short however.
quote:Originally posted by stockguy04: quick response.. thanx.. so when the ban passes do u think it will be like early 2000 when many OTC stocks shot up
posted
dont you think that all large firms will continue to naked short out of their foriegn branches.. it would only make sense that they would continue something that they advantage from by any means possible.. what is your personal take on it. do u think its good or bad?
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posted
I think the SEC needs to outlaw the naked short selling to save their public “face”, however they need to allow this practice as a necessary evil to keep the pennies out of the "irrational exuberance" mindset. What might turnout in the end are more loopholes for a different type of shorting and a closure of the current loopholes. A game of shill. They’re playing the game because they don’t have the ballz to shoot straight. This, an opinion. Tony
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Yes they will continue if the law allows for it. I think its a good move for people already invested, who will likely see their stock appreciate. It will be bad for people caught in P&D schemes who buy too high because the MM's cant find shares to push it down. Overall, I think there should be some type of float requirement added to the law
quote:Originally posted by stockguy04: dont you think that all large firms will continue to naked short out of their foriegn branches.. it would only make sense that they would continue something that they advantage from by any means possible.. what is your personal take on it. do u think its good or bad?
posted
I think the bulls are gonna run! Like all new rules it will take a while to figger out the intricacies and implications of the different ways to take advantage of the situations that develop. Volatility will increase dramatically. Discipline in profit taking will be even more critical and harder to follow. The politicians need the whole economy to grow by Nov-- not just the DOW. We need to see small companies become big companies-- that is what made the US great. Oppurtunity for all-- not just the nobility. Just remeber that stocks usually drop just as fast as they go up.
quote:Originally posted by stockguy04: dont you think that all large firms will continue to naked short out of their foriegn branches.. it would only make sense that they would continue something that they advantage from by any means possible.. what is your personal take on it. do u think its good or bad?
i think they should also ban foriegn investment your average U.S. investor can not invest offshore why should foriegn investors be able to invest here they have there own markets let them invest in them.
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THIS IS ONE OF THOSE ISSUE'S WHICH HAS A POLTICALLY CORRECT POSITION AND A REAL-WORLD POSITION.
NO-ONE IS GOING TO BE HAPPY. THIS IS STOCKS AND I PERSONALLY LIKE THE DOG EAT DOG WORLD. THEN AGAIN I'M A PRO-MAFIA GUY SINCE IT TENDS TO KEEP THE POLICE/GOVT IN CHECK.
NAKED SHORTS CAME EXTREMELY POPULAR WITH THE INTERNET BOOM WHERE THE TECH STOCKS WENT NUTS FROM 88-98. YOU HAD STOCKS GO FROM .75 TO OVER $300/SHARE WHERE P/E WASN'T JUSTIFIED IN THE LEAST. HENCE, NAKED SHORTS REALLY PLAYED INTO A MAJOR WAY TO CONTROL THAT OUT OF CONTROL MARKET. NOW THAT THINGS HAVE SETTLED INTO A "USUAL" PATTERN, THE WHOLE SHORT ISSUE APPEARS.
NAKED SHORTS ARE NO DIFFERENT THAN YOUR MARGIN ACCOUNTS. BROKERS PULL THAT MARGIN OUT OF THIN AIR AND ALLOW YOU AND I TO TRADE WITH CARTOON MONEY AND THEN PRETEND THAT IF YOU LOSE THAT CARTOON MONEY, YOU'LL HAVE TO PAY IT BACK. THE FACTS ARE THAT MARGIN MONEY IS RARELY EVER CALLED IN NO. 1 AND I'VE ONLY HEARD OF A FEW CASES WHERE THE MARGIN WAS EVEN ATTEMPTED TO BE RETURNED/COLLECTED AFTER A "TOTAL" LOSS.
SO ONE COULD SAY THAT NAKED SHORTS ARE ABSOLUTELY NO DIFFERENT THAN THE MARGIN ACCOUNT YOU CURRENTLY HOLD. TECHNICALLY YOUR MARGIN ACCOUNT (AKA CARTOON MONEY) SHOULD BE REGULATED AND ELIMINATED ALSO BUT WHAT IS THE LIKELY HOOD OF THAT?????
posted
Thats a good point U4- Margin is just like cartoon money, just like naked shorting uses unavailable "cartoon shares" Without regulation there is chaos, just look at the illegal drug issues and prostitution in our country
quote:Originally posted by U4TSAF2: THIS IS ONE OF THOSE ISSUE'S WHICH HAS A POLTICALLY CORRECT POSITION AND A REAL-WORLD POSITION.
NO-ONE IS GOING TO BE HAPPY. THIS IS STOCKS AND I PERSONALLY LIKE THE DOG EAT DOG WORLD. THEN AGAIN I'M A PRO-MAFIA GUY SINCE IT TENDS TO KEEP THE POLICE/GOVT IN CHECK.
NAKED SHORTS CAME EXTREMELY POPULAR WITH THE INTERNET BOOM WHERE THE TECH STOCKS WENT NUTS FROM 88-98. YOU HAD STOCKS GO FROM .75 TO OVER $300/SHARE WHERE P/E WASN'T JUSTIFIED IN THE LEAST. HENCE, NAKED SHORTS REALLY PLAYED INTO A MAJOR WAY TO CONTROL THAT OUT OF CONTROL MARKET. NOW THAT THINGS HAVE SETTLED INTO A "USUAL" PATTERN, THE WHOLE SHORT ISSUE APPEARS.
NAKED SHORTS ARE NO DIFFERENT THAN YOUR MARGIN ACCOUNTS. BROKERS PULL THAT MARGIN OUT OF THIN AIR AND ALLOW YOU AND I TO TRADE WITH CARTOON MONEY AND THEN PRETEND THAT IF YOU LOSE THAT CARTOON MONEY, YOU'LL HAVE TO PAY IT BACK. THE FACTS ARE THAT MARGIN MONEY IS RARELY EVER CALLED IN NO. 1 AND I'VE ONLY HEARD OF A FEW CASES WHERE THE MARGIN WAS EVEN ATTEMPTED TO BE RETURNED/COLLECTED AFTER A "TOTAL" LOSS.
SO ONE COULD SAY THAT NAKED SHORTS ARE ABSOLUTELY NO DIFFERENT THAN THE MARGIN ACCOUNT YOU CURRENTLY HOLD. TECHNICALLY YOUR MARGIN ACCOUNT (AKA CARTOON MONEY) SHOULD BE REGULATED AND ELIMINATED ALSO BUT WHAT IS THE LIKELY HOOD OF THAT?????
posted
Theoretically a margin account is covered by the broker. They are the ones making the loan. In naked shot-selling the MM's are covering their own loan. This motivates the MM's to scare off new buyers and influence holders to sell in panic. Remember that the tax rate on day-traders is one of if not the highest rates. The govt gets 1/3 of the profit. If the price doesn't go up only a few make a limited profit on the short sale. Profits on long are unlimited. Taxes follow. And everybody likes a bull party.
posted
Naked shorting is creating an artificial supply to fill a real demand. It is just plain wrong. Supply and demand is the key to a "free" market. If we allow MM's to sell a stock they don't own and haven't borrowed contractually, we (current shareholders)are being robbed. Brokers don't pull margin out of thin air. You fill out out a credit application to obtain a margin account and you pay interest on it.You don't pay your credit card bill with "cartoon" money, and the store doesn't look at it that way when you make a purchase with it. If you trade through a broker that expects to stay in business-- they will "call" your account if you don't stay within your credit limit. Just like a credit card. You will have to come up with cash immediately to cover losses. Why should the MM's be allowed to borrow my money w/o asking(signing a contract) and then use it to force the value of my property down? There is no upside to naked shorting. The wild prices of the 90's were not bad. If you pay a price for a stock and it goes down because nobody else wants to pay that price-- you lose --period. If the MM's scare buyers away with false supply-- they are not fullfilling their obligation to any of us-- company or shareholder.-- and noway is anybody gonna convince me they are protecting me or anybody but themselves.
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OH THE WORLD OF MAKEBELIVE. THANK GOODNESS FOR DISNEYWORLD.
MARGIN MONEY IS PULLED OUT OF THIN AIR. NO IF ANDS OR BUTTS'. AGAIN, THERES' A POLTICALLY CORRECT WAY OF VIEWING THINGS (WHAT CABBAGE SUBSCRIBES TO), SUCH AS YOUR CREDIT CHECK/ETC. AND THE REAL WORLD WAY, HOW THINGS REALLY WORK (WHAT I KNOW) AND GUESS WHAT, MARGIN MONEY IS PULLED OUT OF THIN AIR, DOESN'T EXISTS UNTIL YOU ASK FOR MARGIN AND WHEN YOUR SET UP, A INDIVIDUAL, PERSON, SITS BEHIND A COMPUTER AND WHEN YOUR DEPOSIT OF $1,000 I SIMPLY TYPE $1,000 INTO THE MARGIN SECTION.
OK, SO YOU LIKE THAT STOCKS WENT UP TO $300/SHARE. SURE, WE ALL DO. WHAT IF I TOLD YOU THAT WAS ILLEGAL? OH, BUT HOW COULD THAT BE? WHEN YOU ARE A LISTED NASDAQ OR NYSE, YOU HAVE A ALL IMPORTANT P/E RATIO. YOUR STOCK VALUE IS BASED ON A P/E RATIO WHICH MEANS PRICE OF STOCK VERSES THE EARNINGS. THE STOCK THAT HAS A WACKED P/E RATIO IS NO DIFFERENT THAN A PINK SHEET THAT DOESN'T EVEN HAVE A NOTARIZED ACCOUNTING STATEMENT.
DRUGS AND PROSTITUTION AND WHAT HORRIBLE PROBLEMS THOSE ARE; HERE WE GO AGAIN, THE NEWS/MEDIA TELLS YOU WHAT HORRIBLE PROBLEMS THOSE ARE AND YOU HAVE COMPANIES THAT ISSUE STOCKS WITHOUT ANY TYPE OF PAPERWORK FILING WHAT-SO-EVER? YOU MEAN TO TELL ME THAT I CAN START A "FAKE" COMPANY AND ISSUE STOCK AND THEN GO TO MY BROKER/INTERENET AND BUY THAT STOCK? THEN I CAN FIND OTHER IDIOTS TO BUY THAT STOCK AND COLLECT ALL THAT MONEY AND THEN "STEAL" THE MONEY AND MOVE TO HAWAII? SHOOT, WOW WHAT A CONCEPT. IT'S CALLED PINKSHEET STOCKS. SO CABBAGE DO YOU WANT SOMEONE TO WALK IN AND CANCEL ALL YOUR PINKSHEET HOLDINGS BECAUSE IT'S POLTICALLY CORRECT?
THIS COUNTRY IS FULL OF INDIVIDUALS WHO WATCH THE NEWS AND BELIEVE WHAT PEOPLE TELL YOU. NYC HAD 4000+ PEOPLE DIE 9-11. HOW MANY OF YOU HEARD ABOUT THE EARTHQUAKE THAT KILLED 25,000-40,0000 IN IRAN ABOUT 3 DAYS AGO? DID YOU HEAR ABOUT THE DEAD MOTHER HOLDING A LIVE BABY FOUND AFTER 2 DAYS IN THAT QUAKE? HOW ABOUT THE OTHER 7 EARTHQUAKES THAT HAPPENED IN OTHER PARTS OF THE WORLD OVER THE PAST 10 DAYS. I BET YOU HEARD ABOUT THE 3 SOLDIERS THAT DIED IN IRAQ THOUGH!
posted
U4- you must have taken my statements the wrong way
I agree with you on the margin, it is fake money. They dont actually lend you money- just a line of credit, which they offset with your holdings. Beleive me I know how this works and agree with you 100%
As for the pink sheet shell companies, I never said they should be eliminated, I just think the trading of the stock should be subject to manipulation, so that they dont go to $XXX per share, when its obvious they shouldn't be trading at that level. There are already so few regulations on the pinks, why de-regulate even more?
Like those pumping emails that everyone gets. If the MM dont hold them down, they will trade at unrealistic prices, based off speculation- since the FS either dont exist, or dont get filed, all investors have it technicals and news-
p.s. if I appear to be "PC" its only because I started this thread for discussion, and to let people know about SHO without getting into an RB type free for all
posted
Ok-- follow that line-- all money is cartoon money-- we haven't had real money since the silver came out of the coins-- or was it when we went off the gold standard.You ever notice what the par value of a share of stock is?( an arbitrary value of no signifance is the definition in the Investors Desk Reference) Either way reality is that money( or a stock) is what the majority agrees that it is. You still get back to the fact that when a small crew starts deciding what the value is ( the MM's) the free market system has been subverted.I am not familiar with what makes a high P/E illegal. Please educate me.
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THE STATEMENT I GAVE REGARDING THE P/E RATIO IS ONLY A STATEMENT AND NOT A ILLEGAL ACTIVITY; HENCE I PUT THE QUESTION MARK.
FIRST OF ALL. GLASSMAN IS REALLY ON THE MONEY WITH THIS POST REGARDING MONEY AND IT'S TRUE VALUE.
REGARDING THE STATEMENT ABOUT PINKSHEETS; IT WAS A STATEMENT AND NOT A POINT OF DIRECT FACT SINCE PINKS ARE NOT REAL STOCKS AND THEREFORE TECHNICALLY SHOULD BE ILLEGAL. I DO STAND BY WHAT I SAID ABOUT SOMEONE CREATING A "FAKE" COMPANY AND GETTING IDIOTS TO BUY "FAKE" STOCK AND GOING TO HAWAII. BUT I DO STAND BY THE FACT THAT PINKSHEETS SHOULD BE ILLEGAL IF YOU TAKE INTO ACCOUNT THAT THINGS "MATTER" IN THIS WORLD.
THIS GOES FOR MONEY AND PINK SHEETS. MONEY ISN'T REAL, PINK SHEETS AREN'T REAL STOCKS BUT THEIR STILL "OK". SO NAKED SHORTING FALLS INTO BOTH CATAGORIES.
IN THIS COUNTRY; DOUBLE STANDARDS ARE ABSOLUTELY ACCEPTED.
SO IN A NUT SHELL. IF WE CAN CREATE MONEY IN MARGIN, CREATE PAPER MONEY WITH NOTHING BACKING IT, ETC.ETC.ETC. THAN WHAT IS THE PROBLEM WITH NAKED SHORTS?
I STILL STAND BY NAKED SHORTING BECAUSE NO. 1; WHEN IT WAS CONTROLLING AN OUT OF CONTROL MARKET 5 YEARS AGO IT WAS OK, AND NOT THAT WE'VE SETTLED INTO A "NORMAL" STOCK TRADING, IT'S NOT OK.
IN CLOSING, I HAVE NOT A PROBLEM WITH NAKED SHORTS JUST LIKE I DON'T HAVE A PROBLEM WITH PINKS, MARGIN OR ANY FORM OF SHORTING.
posted
List of companies which have complained about NAKE SHORTING- Also a good list to look through for stocks to watch ___________________________________________
Some 108 companies among the 121 named to date have issued press releases or been named in the media as having been victimized, or as taking various actions, either alone or in concert with other companies, to oppose manipulative trading in the form of illegal naked short selling. The actions have ranged from lawsuits to withdrawals and threatened withdrawals from the electronic trading system managed by the Depository Trust & Clearing Corp., to withdrawals from toxic financings, to the issuance of dividends or name changes designed to squeeze manipulators, to joining associations or networks or to contacting regulatory authorities to provide documentation of abuses or otherwise complain.
The complete list of those 108 companies include Advanced Viral Research Corp. (OTCBB: ADVR), AdZone Research, Inc. (OTCBB: ADZR), Amazon Natural Treasures (OTC: ANTD), America's Senior Financial Services (OTCBB: AMSE), American Ammunition, Inc. (OTCBB: AAMI), AngelCiti Entertainment (OTCBB: AGLC), ATSI Communications, Inc. (OTC: ATSC), Federal Agricultural Mortgage / Farmer Mac (NYSE: AGM) Allied Capital (NYSE: ALD), American Motorcycle (OTC: AMCYV), American International Industries (OTCBB: AMIN), Ameri-Dream (OTC: AMDR), Adirondack Pure Springs Mt. Water Co. (OTCBB: APSW), ATSI Communications, Inc. (OTC: ATSC) Bluebook International (OTCBB: BBIC), Blue Industries (OTCBB: BLIIV), Bentley Communications (OTCBB: BTLY), BIFS Technologies Corporation (OTCBB: BIFT), Biocurex (OTCBB: BOCX). Broadleaf Capital Partners, Inc. (OTCBB: BDLF), Chattem, Inc. (NASDAQ:CHTT), Critical Home Care (OTCBB: CCLH), Composite Holdings (OTC: COHIA), CyberDigital, Inc. (OTCBB: CYBD). Diamond International Group (OTCBB: DMND), Dobson Communications Corp. (NASDAQ CEL), Eagle Tech Communications (OTC: EATC), Edgetech Services (OTCBB: EDGH);
Also, Endovasc Ltd. (OTCBB: EVSC), Enviro-Energy Corporation (OTCBB: ENGY), Environmental Products & Technologies (OTC: EPTC), Environmental Solutions Worldwide, Inc. (OTCBB: ESWW), EPIXTAR Corp. (OTCBB: EPXR), eResearchTechnologies, Inc. (NASDAQ:ERES), Flight Safety Technologies (OTCBB: FLST), Freddie Mac (NYSE: FRE), FreeStar Technologies (OTCBB: FSRCE), Geotec Thermal Generators, Inc. (OTCBB: GETC), Genesis Intermedia (OTC: GENI), GeneMax Corp. (OTCBB: GMXX), Global Explorations Inc (OTC: GXXL), Global Path (OTCBB: GBPI), GloTech Industries, Inc. (OTCBB: GTHI), Green Dolphin Systems (OTCBB: GLDS), Group Management (OTCBB: GPMT), Hop-On (OTC: HPON), H-Quotient, Inc., (OTCBB: HQNT), Hyperdynamics Corp. (OTCBB: HYPD), International Biochem (OTCBB: IBCL), Intergold Corp. (OTCBB: IGCO), International Broadcasting Corporation (OTCBB: IBCS), InternetStudios, Inc. (OTCBB: ISTO), ITIS Holdings (OTCBB: ITHH), Investco Corp. (OTCBB: IVCO), Lair Holdings (OTC: LAIR), Lifeline BioTechnologies Inc. (OTC: LBTT), Life Energy & Technology (OTCBB: LETH), MBIA (NYSE: MBI);
Also, MegaMania Interactive (OTC: MNIA), MetaSource Group, Inc. (OTCBB: MTSR), Midastrade.com (OTC: MIDS), Make Your Move (OTCBB: MKMV), Medinah Minerals (OTC: MDMN), MSM Jewelry Corp. (OTC: MSMC), Nanopierce Technologies, Inc. (OTCBB: NPCT), Nutra Pharmaceutical (OTCBB: NPHC), Nutek (OTCBB: NUTK), Navigator Ventures (OTC: NVGV), Orbit E-Commerce, Inc. (OTCBB: OECI), Pitts & Spitts (OTC: PSPP), Sales OnLine Direct (OTCBB: PAID), Pacel Corp. (OTCBB: PACC), PayStar Corporation (OTC: PYST), Petrogen Corp. (OTCBB: PTGC), Pinnacle Business Management (OTC: PCBM), Premier Development & Investment, Inc. (OTCBB: PDVN), PrimeHoldings.com, Inc. (OTC: PRIM), Phlo Corporation (OTCBB: PHLC), Resourcing Solutions (OTC: RESG), Reed Holdings (OTC: RDHC), Rocky Mountain Energy Corp. (OTCBB: RMECE), RTIN Holdings (OTCBB: RTNHE), Saflink Corp. (NASDAQ:SFLK), Safe Travel Care (OTCBB: SFTVV), Sedona Corp. (OTCBB: SDNA);
Also, Sionix Corp. (OTCBB: SINX), Sonoran Energy (OTCBB: SNRN), Starmax Technologies (OTC: SMXIF), Storage Suites America (OTC: SSUA), Suncomm Technologies (OTC: STEH), Sports Resorts International (NASDAQ:SPRI), Technology Logistics (OTC: TLOS), Swiss Medica, Inc. (OTCBB: SWME), Ten Stix, Inc. (OTCBB: TNTI), Tidelands Oil (OTCBB: TIDE), Titan Construction (OTC: TTCS), Trezac Corp. (OTCBB: TRZAV), Universal Express, Inc. (OTCBB: USXP), Valesc Holdings, Inc. (OTCBB: VLSHV), Vega Atlantic (OTCBB: VGAC), Viragen (AMEX: VRA), Viragen International (OTCBB: VGNI), Vista Continental Corporation, (OTCBB: VICC), Viva International (OTCBB: VIVI), Vtex Energy (OTCBB: VXENE) and Wizzard Software (OTCBB: WIZD), WorldTradeShow.com (OTC: WTSW) and Y3K Secure Enterprise Software, Inc. (OTCBB: YTHK).
Earlier in 2003, the SEC fined Rhino Advisors, Inc., $1 million for its representation of Amro International in the financing and manipulation of Sedona Corp. Amro, also known as AMRO, was registered in Panama, a secretive offshore haven, but was not named in the SEC settlement. Another 60 public companies may have been manipulated by the fined Rhino Advisors and its indicted principals, or its funding apparatus, Amro. These include:
All American Food Group Inc (OTC: AAFGQ), Amanda Co Inc (OTC: AMNA), Antra Holdings (OTC: RECD), Aquis Communications Group Inc (OTCBB: AQUIS), Avanir Pharmaceuticals (AMEX: AVN), Bionutrics Inc (OTC: BNRX), Brilliant Digital Entertainment Inc (AMEX: BDE), Bravo! Foods International Corp. (OTCBB: BRVOE), Butler National Corp (NASDAQ: BUTL), Calypte Biomedical Corp (OTCBB: CYPT), Chemtrak Inc/DE (OTC: CMTR), Clicknsettle Com Inc (OTCBB: CLIK), Corporate Vision Inc (OTC: CVIA), Crown Laboratories Inc/DE (OTC: CLWB), Dental Medical Diagnostic Systems Inc (OTC: DMDS), Detour Media Group Inc (OTC: DTRM),
Also, Digital Privacy Inc/DE (OTC: DGPV), Senior Services Inc (OTC: DISS), International Inc (OTC: DYNX), Endovasc Ltd Inc (OTCBB: EVSC), Esynch Corp/CA (OTCBB: ESYN), Focus Enhancements Inc (NASDAQ: FSCE), Frederick Brewing Co (OTC: FRBW), Greystone Digital Technology Inc (OTC: GSTN), Havana Republic Inc/FL (OTCBB: HVNR), Henley Healthcare Inc (OTC: HENL), Hollywood Media Corp (NASDAQ: HOLL), Ibiz Technology Corp (OTCBB: IBZT), Diagnostic Systems Inc/FL (OTCBB: IMDS), Imaging Technologies (OTCBB: IMTO), Integrated Surgical Systems Inc (OTCBB: RDOC),
Also, Interferon Sciences Inc (OTC: IFSC), Interiors Inc (OTC: ITRNA), Laminaire Corp (OTC: THMZ), Medisys Technologies Inc (OTC: SCEP), Milestone Scientific Inc/NJ (AMEX: MS), Nevada Manhattan Group Inc (OTC: NVMH), Innovations Inc (OTCBB: NTGE), Systems Group (OTC: OSYM), Pacific Systems Control Technology Inc (OTCBB: PFSY), Professional Transportation Group Ltd Inc (OTC: TRUC), Rnethealth Inc (OTC: RNTT),
Also, Sand Technology Inc (NASDAQ: SNDT), Sedona Corp (OTCBB: SDNA), Silverado Foods Inc (OTC: SVFO), Stockgroup Information Systems (OTCBB: SWEB) Surgilight Inc (OTC: SRGL), Tasty Fries Inc (OTCBB: TFRY), Tech Laboratories Inc (OTCBB: TCHL), Teltran International Group Ltd (OTC: TLTG), Titan Motorcycle Co of America Inc (OTC: TMOTQ), Trans Energy Inc (OTCBB: TSRG), Motorcycle Co (OTC: UMCC), Universal Communication Systems Inc (OTCBB: UCSY), Medical Systems Inc (OTC: UMSI), Vianet Technologies Inc (OTC: VNTK),Viragen Inc (AMEX: VRA), Webcatalyst Inc (OTC: WBCL), Worldwide Wireless Networks Inc (OTCBB: WWWNQ), and ZAP (OTCBB: ZAPZ).
posted
U4 Regarding MARGIN. Although currently they are not making calls to cover these accounts completely, Doesn't the market move to a place where it can't hold up the load any more? Similar to refinacing homes first at 90% then again at 95% I've heard as high as 125%. Homeowner loses job and bam not only does he lose but also the mortgage co shareholders. Did not a broad major margin call happen in '28/'29 ?
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CEL), Eagle Tech Communications (OTC: EATC), Edgetech Services (OTCBB: EDGH); 
