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FEARANDGREED

10/08/13 9:49 AM

#58020 RE: sgunderbarth #58018

Good God... Thank You SG!.....
Finally a correct posting on the...UM...."Chill"...
There are necessary steps to take to make a security DTC eligible and they simply (They: ahem, attention CEO) have not gone through the motions to do so (aka time and cash).....Although, i hear they are working on it.
Here is a helpful.informative link
http://www.dtcc.com/products/documentation/asset/Securities_DTCEligibility.pdf

In short, a stock that clears through the DTC will be less vulnerable to manipulation.
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Arthur

10/08/13 10:11 AM

#58024 RE: sgunderbarth #58018

Doesn't that longer settling time causes numerous apparent short sales ?