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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI
CCSI 29.32+4.6%Oct 31 9:30 AM EST

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To: Bill Wexler who wrote (5235)6/8/1999 2:16:00 AM
From: Bill Wexler  Read Replies (1) of 5736
 
The CCSI stock fraud...

Much has been made of the large short position in CCSI stock. Shills claim that this will propel the stock higher as shorts panic.

Unfortunately, the sad truth is that stocks with large short positions tend to underperform the market over time. the reason CCSI has a large short position is that it is a stock fraud, and the smart money is betting that it will eventually drop to zero.

Note this post made one year ago when the short position relative to the available float was actually a bit higher than now...and CCSI was in somewhat better financial shape:

Message 4617096

Watch what the stock did over the following month:

chart.yahoo.com

The stock has recovered much of that loss since then as Darby and her crooked promoters have cranked the hype machine. In the meantime, CCSI's financial condition has deteriorated. Unfortunately, many stock fraud victims do not learn from history, and I'm guessing they are in for another nasty lesson soon.
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