Hi Joel> re filed to sell 100,000 shares of America Online Inc (AOL)
if you have time would you paste the url were that is located,
as I put together a page on Amerincan Off line..I want to include
the urls, ( when possable ) were a person can look for themselves.
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In looking at the trading, I belive I have discovered some real
price manipulation on the stock..that goes far beyond what I've
been looking at up to now..and it's going to be hard for me to explain, the picture is so big I'll have to think a while to find the
words that will even half express it.
In short most "ALL" the volume we are looking at every day,
is not stock thats trading hands..IT's "ALL short" selling,
and "other SHORTS buying back" they are just swapping "borrowed"
stock back and to..the short interest is greater than the REAL
float..85% of this stock is tied up in mutuall funds and
such..there is not much "REAL float"..and that's one reason she
is bouncing so much..stuff that got shorted back in Jan at
42 is being bought back on the lows, new shorters come in on
the highs..they are in compitition with one another..but it's
all borrowed stock..that we wave been looking at, it is insured by
the insiders ( shorters ) who bought
cheap calls back in November when she dipped to $22...
they can likly short her down to $25 with no problem, but they
string it out, the more she bounces the more times they get to
short..they have their rear covered with the calls.
At some point when they can no longer turn a profit shorting
and buying back cheaper they will exersizes their calls,
which will then pay back the borrowed stock..and they are out
of it....and that point whoever wrote the calls back in November will have to caugh up the stock at about $25 it wont be a problem, as
they likly got in back when she was $10..when the shorts
leave for lack of action..this stock won't have a cushion,
and will likley wind up were she strated, or worse.
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This may be hard to believe..and you wont find it on most qoute
servers as it was adjusted off real fast, but I did grab
a picture before they changed it from two different ones.
She had a low today just before close of 34-5/8...most servers
will not show you that..they will show a low of 36-1/2
something is going on..I also belive the market makers fixed
the closing price..the intreday chart was strange..volume fell
off very bad late in the day..and it seemed they could not
sell hardly any...some one outside the game tried to sell some,
they must have put in a market order..that's when she dipped
to 34-5/8..all thats holding the price up now is the short
sellers, she is getting ready to be another Centennial..on a
bigger scale, none of the brokers will let on they know, as
it would shame them, as they have tooted this stock to so many,
they will just act surprised and shocked when it all comes down,
but they know, they have to know..thety can see the short interest,
and they know it's only shorts buying back too..it's a big
back room crap game to see who can skim the most as she ticks
down..take a look at how each high keeps getting lower than
the one before it..thats the top price the shorters can
put in..and less and less volume on each top, before she
starts back down. There are a lot of players..but they are all
shorters..the volume is shadow volume..nothing but borrowed
stock sold..and bought to pay back borrowed stock.
Any body buyng into this as a long is going to get burned,
the writing is on the wall..she will last untill the shorters,
can't suck in more mullets. Likley some of the same jerks shorting
are the ones tooting the merits of her. It's in their interest
to suck in new mullets.
Forgive the spelling..I'm not up to running the checker on it.
JIM
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