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Microcap & Penny Stocks : Olympus Ventures (OVIS) - The Naysayers
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To: shades who wrote (316)12/8/1997 12:55:00 AM
From: Danny Hoover   of 336
 
Why do they bash the stock?-- to try to worry people into selling in order to get the price down which is what they want. I believe that many of the nays must work for someone. I know that I would need a paycheck in order to invest the amount of time that they have.

The stock was once recommended by SGA Goldstar. I decided to drop a little into it. The price quickly went down. I kept holding and watching closely until the stock lost 90% of its value. After losing 90%, why sell at this point, and why worry about it...its over.

There were those on the SI thread that suspected that there must be a large short position, but noone seemed to suggest what to do about it. I thought that at some point that the shorts would cover their position then the stock could settle back into a realistic value.

It was later suggested that everyone call in their stock certificates to put pressure on the shorts. At this point, why not try it..

When everone started calling in their certs, the price began to climb to the where we are at now. The nays also appeared. They have not left yet. I believe there is still a massive short position.

I have not bought any other stock under 5.00 since this.

Diversifying your picks is always a good idea. If you own a stock that you feel may have a large short position, why not call in your certs, and encourage others to do the same...it may help.
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