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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY

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To: j g cordes who wrote (2160)5/19/1999 11:24:00 PM
From: j g cordes  Read Replies (2) of 2909
 
A sometimes wrecking crew against Short Sellers.. but the knife cuts both ways. Be careful siding with a quick runup, it may be a wolf in bull clothing..

"..Vinik, Krosinsky adds, has a penchant to ''squeeze''
short-sellers by buying up a large portion of the outstanding float, something he
would have had a hard time doing at Magellan, where he was dealing mostly in
large-cap stocks. ''Frequently, all this happens very quickly, and a stock shoots
up,'' says Krosinsky. That allows Vinik to cash out, often rapidly deflating the
stock."

businessweek.com
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