I shorted INCL when it got 5 3/4 few days back. On Friday I shorted 6,000 @ 5 3/8 and I
am going to short another 10K on Monday(8/10/98), WHY,you may ask? Because this dog is
a fake buy-out scam to either allow the company to sell shares in midst of the confusion or
some money managers are trying to unload big loads .
On Aug,4th, a DOW JONES article stated that according to some "MARKET SOURCES" (
anonymous, of course) DEAL WAS ALMOST DONE at > $6/share and that a press release
was about to be issued last week.
WHY WOULD ANYONE SELL 3/4 MILLION AT 5 1/8 - 5 1/4 in a matter of 3 minutes on
Thursday if he already knows that in a day or 2 it will be worth at least 6 1/4, unless he
knows that THIS WHOLE THING IS A SCAM ?
Some money managers are trying hard to keep this dog from falling below 5 1/4, BUT HOW
LONG CAN THEY KEEP IT UP ? NOT LONG !!!
Very soon, this thing will fall like a rock because the company is not really interested in
selling at this price. So I think the company has already sold enough shares in the midst of
this FAKE RUMOR to last them till the end of the year, by which time they hope to get a
better financing deal. Thus the buy-out rumor was a sharade from the very beginning.
Since when do "MARKET SOURCES" give a way a great buying opp. like this? UNLESS
THEY HAVE A MOTIVE IN LURING THE PUBLIC INTO A TRAP ??
These so called market sources have a huge loads of this dog and they have to do something
about it. So, they call DOW JONES and volunteer insider info on something like this, where
they even name the price ???
coupled with the strange fake volume all week, price spiking then letting go & MM trying
hard to keep it above 5 1/4 on a low volume on Friday, doesn't this sound fishy to anyone ??
NEVER TRUST "MARKET SOURCES" :))) |
