first star energy FST on the ASE Message Board

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Gold/Mining/Energy : first star energy FST on the ASE

FST 10.18

+0.3%

Aug 25 5:00 PM EST

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To: Reg who wrote (497)	6/7/1998 9:18:00 AM
From: kingfisher	of 754

Hi Reg, My last post mentioned short interest.Shorting a stock is very often used as a hedging strategy but is also used to profit if a stock should fall in price.The speculator shorts a stock or sells it with the idea of buying it back at a lower price and making a profit.Sometimes a stock is shorted and options and or warrants are used to cover a position.My post was to make all the participants aware that if there is a short position in First Star or Tusk it is less than 50,000 shares.This is bullish because both FST and TKE are up over 100% this year and yet very few if any investors are betting that these stocks will drop. For you to make a proper evaluation to invest in First Star or Tusk I would suggest you go to Tusk thread and review Grayhairs comments.Grayhairs level of knowledge is substantially above all participants and you should be able to make a decision by reading his posts. Also if you still do not understand the concept of shorting stock perhaps your broker can explain it better than I have. Hope this helps Richard

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