ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY Message Board

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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 (2180)	5/20/1999 9:45:00 AM
From: Jorjenzak	Read Replies (1) of 2909

Please explain to those of us who are uninitiated in the dark secrets of short selling how this method of trading might work with regards to BETT as of late. IMHO this is not a short sell candidate as it has not seen the type of rapid price increase that would attract the attention of a shorter (like Anthony@Pacific). The only momentum in this stock of any note was back prior to and right at the beginning of the year. Any shorting would have likely occurred soon thereafter, I would think. Since that time it has fluctuated fairly steady around the .65 to .75 range. The recent fall from that level of support came on the sale of 250,000 shares which the MM's appeared to take advantage of the push the price down to below .45. Why? I have no clue other than it attracted attention which produced volume and we all know MM's make money off of each trade. The more trades the better. Price is irrelevant to them for the most part. JMHO. Feel free to correct my false assumptions, if any. I am here to learn and share. But I must admit, I am hostile to the idea of shorters on BETT as I can not see how they could honestly profit. I am afraid they will come and falsely bash the stock, scare those holding into selling and make their money that way. BETT deserves BETTer. Now....(I'm gonna get my head chopped off for this) if BETT rec'd a surge of momentum created solely by a p&d team or front running stock guru which resulted in an inflated price that had nothing to do with fundamentals I would not be quite so hostile to shorters moving in. I would expect it. On some level I would welcome it as a natural economic correction to the false price inflation. The problem is it would cripple the stock almost as much as the momentum surge because shorters don't know when enough is enough and will short a stock into oblivion scaring all investors away for months or even longer. This is why we look for steady, even paced, fundamentals driven growth there. Sorry so long. GO BETT!!!

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