CANADA PAYPHONE - CPY(vse) Message Board

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Gold/Mining/Energy : CANADA PAYPHONE - CPY(vse)

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To: Richard Saunders who wrote (22)	1/14/1997 3:06:00 AM
From: gemini	of 171

richard/some answers.........e-mail turned off because I'm using a computer that is shared with other employees. my friend use to work with one of the people involved with CPY at the same company previously. if you have followed the stock closely over the past 3-4 weeks you may have noticed that the last time it came back up to the 3.10 level from 1.50 there were 24,000 shares shorted and still shorted according to stockwatch, this tells me that these shorters may have to cover pretty soon as the shorts came on about 3-4 weeks ago. I've noticed that Brink seems to me the main trader and is keeping the stock in the 3.00 and up range. so guess what happens when these shorters have to buy to cover there positions? they have to buy at market prices, at least 24,000 shares from what I can tell. what do you think will happen to the stock if there is 24,000 shares to be bought on the market... that's right richard, the price will go higher because there's not alot of stock for sale from here to 4.00. This is just my opinion from what I can see with the information provided to me. good luck gemini

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