Internet America, Inc. (GEEK) Message Board

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Technology Stocks : Internet America, Inc. (GEEK)

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Oct 25 5:00 PM EST

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To: Brandon Buttons who wrote (46)	12/27/1998 4:09:00 AM
From: Richard B. Haenisch	of 220

Hey Brandon, I have been daytrading since early 1997 and ONE CAN SHORT these IPOs, even before 30 days have past. 1. Set up DVP accounts 2. Set up foreign accounts + Market Makers take "naked" short positions throughout every trading day. I saw over 100,000 shares going by at the offer (blocks of 7,500) between $48 and $45 just before the close. No one who is trying to cover his/her long postion does so at the offer five minutes before the close (unless they open a short positon) especially in those large lots. So, believe me or not, Brandon, if we see a "gap up" at the open on monday, the shorts will be hard pressed to cover under $60. IMHO Rico p.s. again, the small float (2.3M shares) is the key to GEEKs success!

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