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Technology Stocks : On Technology (ONTC), firewall mostly

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To: Dave Kosmayer who wrote (7)8/21/1997 6:45:00 PM
From: Thu Ra Tin   of 79
 
I just daytraded ONTC. Got in around 3 1/2 and got out at 4 5/16. By the way, there is an interesting situation going on at Olympus Ventures (OVIS). A group of shareholders in OVIS owns MORE THAN 100% of the public float. The market makers engaged in undeclared shorting of this stock and now they are cornered. The stock went from .17 to $2 within the last 2 weeks. And when the cartel of shareholders starts their short squeeze requesting delivery of the share certificates, MMs will have to cover shares that do NOT even exist. It's going to skyrocket. Check out their thread on SI.

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