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Microcap & Penny Stocks : Ames Department Stores (AMES)
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To: Arthur Tang who wrote (1526)12/27/1999 1:05:00 PM
From: Arthur Tang   of 1911
 
This maybe a scoop.
Institutions have increased their ownership of AMES to over 92% according to marketguide.com.
Short interest in Nov. was only 1.1 million shares; but Dec. short interest has not been reported here yet.
The difference of shorts and the increase in ownership by institutions may present a neglect by market makers to ask enough questions and sold short at too low a price.
When some market makers try to pull back, since the float has been reduced, a short squeeze may happen to their big surprise. On the other hand, if the market maker has deep pockets, AMES may have pull back which will last a long time and at deep discount.
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