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Technology Stocks : Fonix:Voice Recognition Product (FONX)

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To: Mark Cox who wrote (1504)12/18/1997 11:56:00 AM
From: Fairways9  Read Replies (1) of 3347
 
Mark,

You wrote "If anyone could explain why they could be short and hold large long positions too, I'd be glad to hear it."

If you had insider knowledge that your shares were overvalued but didn't want anybody to know you were selling, you could lock in your gains (hedge) by shorting shares that you hold long. I doubt that the insiders are doing this, but someone out there is shorting the stock in big numbers and I would love to know who it is.

Also, the KLSE deal was legal but many of us believe it was unethical.

Marc
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