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Gold/Mining/Energy : RIOSUN--TRIPLED SINCE DEC 1st

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To: John Warren who wrote (36)3/26/1997 11:09:00 AM
From: Michael Mc Donough   of 208
 
John

Can you clarify the comment on "brokerage houses that shorted the stock." Are there firms that have shorted Riosun and is this public? why would the fact that they shorted the stock cause it to be halted? What is the short position on Riosun? Me thinks the problem with this stock is not the shorts, but the realization that this stock is an outright fraud. The shorts provide a logical service, if the stock is overvalued the selling will push the stock to its fair market value. Every stock should trade at a rough estimate to its intrinsic and potential future vaule. This stock was moved on hype and inexperienced investors chasing a dream. If you look through the previous pages in this forum you have to have your head examined to be buying stock in this company. The VSE has probably done you inexperienced investors a favour by halting the stock where it did. If not,you would continue buying at $6.00 then $10.00 etc etc hence throwing away more money. Consider this a lesson for yourself,albeit an expensive one.
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