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Microcap & Penny Stocks : QDRX

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To: Jim Mills who wrote (2511)8/31/1997 4:29:00 PM
From: HLL   of 3977
 
Jim, I don't know much about short selling either but the investors on the OVIS thread formed an investors CARTEL. Hundreds of them ordered their certificates and the volume actually went up and so did the price (from 13 cents a share to about $2 per share). Olympus Ventures is now selling for about $1.65 per share. Prior to forming the CARTEL the stock was being shorted by the MMs. This CARTEL helped me recover some of my money.

I'm not sure if the same strategy will help QDRX to the extent it helped OVIS. On the other hand it couldn't hurt.

In theory, if all our long term investors were to order their stock certificates then the MMs would scramble to cover their shorts. This could possibly created greater volume and tremendous upward pressure on the stock.

Are we sure Quadrax stock is being shorted to the extent Olympus Ventures was?

When QDRX released their last 10Q their were some possitive notes (notable the increase in revenues). I, for one, thought the stock price should have increased at least 1/16 to 1/8 and then possibly drop to it's previous level but nothing happened.

Are we being shorted? Probably, but to what extent?

Shorting a stock is a great way for market makers to haul in alot of cash at the expense of the individual investor.

It won't hurt to order your stock certificates especially if your in it for the long haul. It can only help every member on this thread who is interested in making $$ in both short and long term..

Please keep in mind that I am long on Quadrax I have no intentions of selling. I honestly believe this company will live long and prosper.

bw,

hector
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