Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Paul A who wrote (700)	10/18/1997 11:16:00 AM
From: Arthur Tang	of 1911

I think you know what happen to Lenkei. He called every one on this thread to short, so he can buy in. He got it to $6.50 with some money behind his call. He stopped when it looks like it was going to tank at $5/share. All that time, Goldman Sachs never bought back one single share. But do you know how much cash pool it takes to move the price back up to $10/share? A whole lot with two extra market makers. We are, now, working to get more market makers to come in with more of their (strong hand) customers to overcome the present short sellers' resistance of $18/share. If you notice the tail end price movement, each day, you know that short sellers do get the margin calls, in the next morning. Market making is not that obvious unless you study it all the time.

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