NWLL Message Board - Msg: 12486923

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Technology Stocks : NWLL

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To: Coachman who wrote (155)	1/6/2000 2:41:00 PM
From: Francois Goelo	Read Replies (2) of 265

Coach, the Short Selling bashers (SSB's) missed their Sub $10.00 Target... by a long shot and gave me the opportunity to add below $20.00, as anticipated... I should have bought a lot more in the $8.00 to $8.50 range when I could but I didn't expect the TIGER to wake up so early... The potential was CLEARLY there to see but the "ADR" situation clouded my judgment... We're dealing with only about 2 Millions "ADR's" on the USA Market, as the rest of the potential 9 Millions "ADR's" is either restricted or traded in Australia under the NWL symbol... This is too small a Float to allow Deep Shorting successfully and many Shorters recognized that early in the piece... This now means that more heavy shorting is unlikely, since any additional shares issued WILL be RESTRICTED and the small Float is divided between two markets trading in different time frames, which clearly puts the Shorts at a huge Disadvantage... It would take a large price spike to bring back the type of organized shorting we've just witnessed... JMHO, F. Goelo + + +

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