Replies to post #71004 on 8000 Incorporated (EIGH)

[Coopermun]

Yea, my broker had his father and ten other people short millions of shares. I had already told my Broker :
DO NOT SHORT, THE LIABILITY IS UNLIMITED.......
He fought it every which way on the way back up even calling up during the Conference Call to try to bash the great company news.......
I couldn't believe my ears......trying to question the companiy's ability to maintain revenues and I'll never forget what he said sitting there with my broker on the CC, and having the CEO say to everyone listening......

"Sounds like somebody shorted the stock!"

He was desperate because he couldn't afford to start buying back even when I told him to because he had so many people short including over $100,000 of HIS OWN FATHER'S money tied up....

Thank God I had a witness when I yelled at Walter to CASH ME OUT three times.........

Not trying to rub anything in any broker's faces, just to let those of you who may be worried today know that the bounds of worry on those with heavy short positions, and they ARE out there, are endless....so smile, relax and know YOU"RE NOT getting a buy-in notice!

[janice shell]

I can imagine how your broker felt when he was millions short and then got that buy in notice on the stock. Probably sick to his stomach.

1. In the theoretical scenario you propose, the broker wouldn't care. He'd pass the buy-in notice on to his client, and, if the client didn't cover immediately, he'd liquidate as much of the client's account as necessary.

2. Your scenario is indeed theoretical, because no buy-in notices have been sent to anyone. That would only happen if there were actual significant fails to deliver. If there were significant fails, EIGH would be on the Reg SHO list, and it is not.

[janice shell]

Short interest as of 30 September: 145,777 shares.

Noooooo biggie.

http://www.otcbb.com/asp/OTCE_Short_Interest.asp