Thursday, October 30, 2008 10:07:04 PM
Please see the attached link:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=spzi
Personally, I would like better information available in pinky land in a more timely fasion. After reading the 41 page document provided by Boca Bobby, I wasn't certain if it applied to the pinkies.
Here is a site dedicated to the short sale which will make interesting reading as well.
http://www.buyins.net/tools/symbol_stats.php?sym=SPZI
http://www.buyins.net/tools/alerts.php
Personally, I'm pleased about the "naked short" actions being undertaken by the SEC, and believe the "uptick rule" should be reconsidered as well. At this point I believe the short function serves a purpose, much like a shark that feeds on sick and diseased fish. I personally have never shorted, because the thought makes me think of eating rotten, stinky and diseaed fish.
All that said, I'm not terribly convinced that the short, or naked short was terribly responsible for the performance of this particular stock. I patiently watched this stock for a long time and jumped in when it hit the bottom, and I'm now long on this stock since the last week of July. I've since sold less than 0.01 and immediately thought better of it, by buying it back.
I consider myself optimist and love to poke fun at the pessimists. Cheers.
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