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Technology Stocks : HAXS - Health Axis
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To: news_is_here who wrote (51)7/31/2000 9:53:02 PM
From: Don Hand  Read Replies (2) of 124
 
Thanks that makes sense. And now my Jim Jones theory on
todays and the latest trading.

I think the Rev. Rusty and his gale Linda have been leading
their followers to hopeful cool-aid meltdown.
Those two covered their shorts a long time ago but they still post (along with Henry and his different agenda).
Even today, Rusty almost admitted that shorting would be
difficult at this point, instead blaming longs for selling.

Then he was corrected by another ACTIVE short. Which is not
the first time the little shorts have appeared out of nowhere to counter that claim. I believe that there are
still shorters and they are smaller investors(?). Probably
novice day traders (the ones you read about losing most
of what they have).

The reverend has his flock believing that the stock will
be at $2 on Tuesday and zero not too far off.
Although we longs know that HAXS will not go out of business, we can not say how low it can go.
(Even Linda's investment in AXC has been stock around $1.5).

Today's rush to selling was a self imposed deadline to sell
at the highest possible price to get the best return after
the predicted negative numbers on the earnings statement.
Then they believe they will be able to cover at $2 or lower
for a gain, that they even said the other day, was great.

I thought it was very strange that the bid and ask this afternoon was 6 cents apart (maybe 3 cents). There was
someone who was fighting hard to keep offers at $3
and $3.03. And finally the offers were filled in the closing
minutes. And not for a penny less. It was down to 3500 shares to take out that bridge and that is what crossed the
ticker. (There were two other 100 share trades at $3 to end
the day.) My position is that shorts were waiting for the
highest penny to sell. A few of us bought shares in the last
couple of days only to be buying from the devil shorts.

Although I can not say whether or not longs were not dumping after believing Rusty's gospel. I do know that
some including myself were buying some(none today for me).

There is also a theory that UCI has been dumping shares.
Although it is possible. The executives at HAXS have said
no. My gut feeling is that there has not enough shares
traded of late to be considered dumping from UCI.
The reason is because it was to expensive (in manpower time)
to trade that small and refine. Normally they would line up
a buyer at a prearranged price deal and be done with it.

Later
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