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Re: Fishing at Surfside post# 6895

Thursday, 06/08/2006 1:25:15 PM

Thursday, June 08, 2006 1:25:15 PM

Post# of 35788
Your BIGN shares can't be loaned for short sales, period. Scottrade, Ameritrade, E-Trade, Noble Trade, etc. do not loan your pink/OTC shares for shorting. Any short sale in pinks is a naked short. When MMs fill a buy, they must cover with bonified shares. They may make the sale without immediate shares, but then they have an open position. They have 5 trading days to fill the open sale or Reg SHO kicks in. If MMs are filling buys without the benefit of matching shares and without an intent to cover, then they are naked shorting.

Having a cash account will prevent those same brokers from loaning your NASDAQ, AMEX and NYNEX traded shares.


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