The New Qualcomm - write what you like thread. Message Board

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Pastimes : The New Qualcomm - write what you like thread.

QCOM 174.17

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11:17 AM EST

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To: nzlsixty who wrote (1689)	5/8/2000 2:13:00 AM
From: Maurice Winn	Read Replies (2) of 12238

Subject 34482 New stream called "Globalstar Memorial Day Massacre". The idea being [Valueman's - I hasten to add] that shorts will have to cover on that day [or the one before or the week after] if a big short squeeze is induced by malevolent Globalstar shareholders moving their shares to 'cash account' rather than in their margin account. Even if not many do that [which I will with my Tonka-Truck full of stock] the fear of it could precipitate a rapid and frenzied short covering and big shortage of stock and a world-record price spike. Sort of a Silicon Investor internet Olympic Event = High Jump! Shorts who don't cover in time, get creamed on the way up as their brokers call in stock and they are forced to buy at $60 a share to repay the loaned shares to the broker and the account from which they were borrowed. Makes sense to me! Mqurice

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