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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: xcr600 who wrote (3335)10/2/1998 10:00:00 PM
From: RockyBalboa   of 4634
 
Hmm, I also had SRCM and poured on their first runup over 9. Day before they went NS. Then I bought back some of them. I received no call in SRCM.

It was last week beginning from tue, when many people including me received buy-in letters but seemingly noone bought in. We speculated on the rogue stock lenders Datek had to resort to. You can find much on that topic also in the Datek thread here (the large one).

I received several buy-in messages, even on HEB where I already closed out my position before. There were reported buy-in letters in ALTIF,TRBD, HEB, SRCM and others, but I till you now I never heard of it before that it actually happened. Most of the people I know sat down and waited, or simply shorted more.

Beginning with KTEL and ENMD there were a lot of stocks not to lend at datek, remember the unholy NETG (I had established a short at 26!! only to receive a broken trade msg).

As always, tread lightly

C.
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