TUT puttin' the squeeze on investors??? Oh cripes that "Chinese Wall" trick again - didn't he already try that months ago? This is getting to be like chinese water torture ( whatever that means - but it sounded good)
Today, 04:29 PM #7876
tutankhamen
HSM Regular
Join Date: Aug 2006
Posts: 215
********************************
Quote:
Originally Posted by shadone
This certs thing is very confusing.,, I for one do not see how they can deny especially if they are in a cash account that the shares are your's, I would think any coverage would be the responsibility of the brokers and they would be the ones who are in trouble if there wasnt enough to go around....still what do I know....i guess it remains to be seen...I have at least 5 stories from scottrade already depending on who you talk to or with or where you call.....confusing
******************************
The certificates are yours and they do have to honour them, that is not the point for this. By everyone or as many as possible pulling their certificates it does create even a more powerful squeeze as the firms have to deliver the shares that are demanded. I am speaking from experience. It is a highly effective strategy to overcome the shorts when it is needed. Just think with all the float bought up and a demand for even more shares than they can find they will be buying no matter how high.
Another strategy is to create what I call a "Chinese Wall" of impenetrable bids that forces the shorts to continue to bid higher than the wall. It is amazing what you can learn over years of experience sleeping for a few thousand years with nothing else to do.
Market Data 
Markets 
AI
