SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks Message Board

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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: inspector lestrade who wrote (5043)	10/22/1996 12:39:00 PM
From: Joseph F. Hubel	of 13351

I tried to answer you earlier but was having modem problems. All the characters involved including my self belong to a stock mailing list group. actually 3 of them Greatstocks, Stockpicking and Daytraders. SEXI had not been mentioned much lately but when the bad news came out it triggered the original response from Jeff S.. At any rate I finally got a reply to my question this morning and posted it below for your consideration. What disturbs me is that Michaels was becoming aware of this short interest and the "rumors of an SEC investigation and never bothered to post it. I felt he could have at least done that and the rest of us could have done our own decision making as whether we would maintain our positions. Michaels if I remember correctly works for a stock advisory news letter, but claimed he was posting exclusive of his work association. Seems like a difficult challenge to me. JFH >1. A HUGE short position existed at the $3 range--the stock was well above >this price when several large short sellers were demanding the SEC look into >what they considered "phantom sales" via their news announcements. They got what they wanted--and made money. >2. I had no advance knowledge other than the fact I am on a fax service >which sent me news of the events as they unfolded. >It has long been rumoured that some of the world's largest short sellers, >who are influential members of the business and/or financial community, >have played a part in recalls in the auto industry. Is it true? I have no >evidence to prove or disprove (just anecdotal examples), but it would not >surprise me. >CashDev@dmci.net (S. Michael) >Remember, stocks may down as well as up in price. >Recommendations are based on research and opinions >which are believed accurate, but cannot be guaranteed as such. >Always investigate ANY investment thoroughly before committing your money.

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