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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Rich_1 who wrote (42418)2/24/1998 9:14:00 AM
From: Hawkmoon  Read Replies (3) of 55532
 
Rich_1,

If Riley and the other cartel members are to be believed, then you start to see significant quantities of shares being taken out of the float in October-December. This would have resulted in a drying up of liquidity and placed the Mmkrs on notice that they had better cover their short positions (if any.) I believe this is what was happening as the price declined from $4 to $1 on low volume. I also believe that certain parties may have been unloading some of their stock at the same time or during the rise.

If there is any remaining inventory (unlikely if the Yeas have captured the float), then the Mmkrs would only trade the stock when they were assured of a buyer for any stock they are forced to buy.

And if the Mmkrs have inventory of RMIL stock, why would they go short?? I guess they could short against the box with their own accounts and that might make sense, but it negates the theory that the float has been captured.

You need to study the process of short selling, especially manipulative short selling. With the latter, stock is sold that doesn't officially exist and done so in the hope that the artificial selling pressure will eventually shake out the shares they need to cover.

This is what I find most disturbing about the activities of the Cartel /Cavalry. You folks have only the most minimal understanding of the forces that are at work in the marketplace.

It's like Polish Cavalrymen charging Panzers in 1939... Gallant, but pretty stupid unless you apply the proper tactics and don't ignore the signs of a SNAFU in progress. All the signs as indicated in the trading of this stock indicate someone was backstabbing the individual shareholder while he was "giving his/her all" for the company.

And because SEC investigations are confidential, it will be sometime before any of you discover exactly who stabbed who and the hidden agendas behind this stock.

Regards,

Ron
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