The ones that have worked ktel, resorts int'l, presstek, iom, were done by the pros.
I was long IOMG at the time of the squeeze. The company never asked, or even suggested, that people call in their certs. It was simply a spontaneous squeeze, and that's why it was "successful". Though we all know what happened next. PRST had a very small float to begin with, but again, as far as I recall shareholders were not encouraged to call for their certificates.
The BB's have these "mini" squeezes, I believe, but then either the company breaks it too soon by issueing shares, or the hamburger players break it by taking what they consider enough money, and that is usually a dollar or two.
You're forgetting one other possibility: the insiders who orchestrated the squeeze sell into it. Ordinary investors are unable to do this because their certs are in transit. 45 days, Sylver says... |
