Globalstar Memorial Day Massacre Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Globalstar Memorial Day Massacre

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maurice Winn who wrote (63)	5/11/2000 4:50:00 PM
From: A.L. Reagan	of 543

Maurice - note that every comment in the WSJ was prefaced by the word "may." Anybody who doesn't think that on the flip side there are orchestrated actions by groups of shorts to target a stock was born yesterday. There is no false information I've read being spread around here. If you think about it, the effective float (numbers of shares in circulation) of a stock is increased beyond its authorized and outstanding shares by the process of shorting. This is because after the short borrows the shares, he/she sells them. Now there are two owners of the same shares (the original owner and the buyer from the short). So the reality of GSTRF's float is 98+25 = 123 million shares... and all calling back borrowed shares does is reduce the artificially high float. I JUST WANT MY BOX OF WHEATIES BACK -- A FULL BOX, PLEASE!! Congrats on the publicity!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next