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Biotech / Medical : Medical Industries Of America, MIOA
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To: Tim J. Flick who wrote (147)5/9/1997 4:24:00 PM
From: David S.   of 570
 
Since my lunch hasn't arrived yet, I'll bless you all with my presence. The stock is currently immune to short sellers, due to its stock price. In order to short stock, it needs to be marginable. At the current level, MIOA isn't marginable, therefore you can't short it. Without commenting on MIOA's fundamentals, it is important that you all realize that others on this thread suggesting that the reason MIOA isn't much higher is because short sellers are "keeping it down" are blowing smoke up thy posteriors. The June and Sep qtrs are more important than the March quarter which didn't even have the full amount of shares in it. The reported eps would be slashed in the March quarter if you used the number of shares that are actually outstanding. Were the earnings fully taxed? Were they purely from operations or did they include any one time gains? ....have a nice day...........
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