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Technology Stocks : Zmax (ZMAX)/New Year 2000 play
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To: wpckr who wrote (203)9/10/1997 7:36:00 AM
From: Thomas Kundrat   of 370
 
the short squeeze is a reality that is beneficial to us shareholders and the recognition of the company's stock so I thought I'd post something I read on a different site that may help shareholders better understand the SHORT SQUEEZE - by the way, DEMAND THOSE CERTS FROM YOUR BROKER (cont below):

It's like a bookie taking bets on your favorate football game. You hand the MM's your money and they make the illusion that actual shares are bought and in your account, YET he never really sold you actual shares. He sells you his word that he sold you stock at $1, then if you are ready to sell when it goes down to $.50 then he'll buy it back at .50 and he makes .50 per share that you already given him. If the price goes up, to 1.50 then he lost .50 per share. If you requested your certificates, then he is caught. he has to buy on the open market and therefore, the nonexistant Sells become REAL buys and that takes the price to 100 and beyond! IMAGINE.....if over 4 mil buy orders come on a 1.6mil share float stock, SUPPLY vs DEMAND.
As long as the MM's are willing to sell nonexistant shares there will always be shares to buy. The more they sell the deeper they dig themselvs in the hole. If they truly believe that they are gonna win, they can sell till' their hearts content. But when the certs get called over the float I don't think they will do that, They are pro's and they know what they are doing.
They know that the time is short so they will drop the price to entice people to sell. If they only get 1 person to sell 100 shares at $13 then thats 100 shares that they don't have to cover at $20 and beyond. They are saving themselves alot of money, But not near as much as they are gonna loose, But they will save a little.
( As us precious metal traders say, "every ounce counts")
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