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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks

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To: Jane4IceCream who wrote (1982)5/3/2000 8:16:00 PM
From: BWAC  Read Replies (2) of 5499
 
So did you give up on the EGRP thing?

Sentiment in these type stocks was awful, and is downright terrible now. Too many shorts, too many clowns, too many margined.

But times change. Biggest problem right now is the excess shares created by the shorts. Like for AMTD, you got people wanting to sell 20 Million shares that really don't exist. The market is flooded with AMTD shares. The buyers of all these shorted shares could very well be forced into margin calls by the crud market. Adding artificial shares to the downside pressure over and over again. The OLB's in general desperately need to generate some news that will get the shorts to stop leaning on the stocks.

News of note, I find it stange that SCH is splitting 3 for 2 today???
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