InvestorsHub Logo
Followers 52
Posts 2539
Boards Moderated 9
Alias Born 08/30/2000

Re: Poet post# 26

Friday, 09/28/2001 7:50:43 AM

Friday, September 28, 2001 7:50:43 AM

Post# of 168
Poet you are ... Say you buy a position and when you call for your certificate of ownership you are told sorry we loaned them out and the certificate is presebtly being used to cover a short position with a larger brokerage house.

Thus after months of debate ... cancelling of DTCs & ACATs you get a nice little "certificate of Deposit"

C'mon Poet explain why the person can't get their certificate.

I'll tell you why someone sold that position and that certificate is being used as collateral for the short position. The rightful owner can't even get his ceritifcate.

Penny stocks are not what this is about it about shorting. Pennies are even worse because MMs and off shore just do it naked and only pay a interest charge.

"NO OWN - NO SELL" Petition:
http://www.petitiononline.com/NoShorts/petition.html
Proud To Be An American Against Terrorism & Its Propaganda!
:=) Gary Swancey

:=) Gary Swancey

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.