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Gold/Mining/Energy : Crystallex (KRY)

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To: RH who wrote (6472)	3/7/1998 11:20:00 PM
From: RH	Read Replies (1) of 10836

Asensio Timing??? Good point was made over on SH. Why did Asensio send out this overkill sell barage now? Babs stated that there was no proof that Asensio was trying to cover an old short position and so discounted the idea completely as being false. But consider this, if KRY is truly so much a 'pump and dump', Asensio could have quietly let the price go much higher. Speculation alone would have sent this thing a lot higher than $11. If the TSE hadn't stepped in with two unfounded halts, the stock could have easily broken through $15 or more. The fact is, the longs were in a speculative frenzy and a shorter would have been much more clever to let the stock rise higher, quietly get into position and then let the court knock the stuffing out of KRY by saying "No, MAEL has no legal title etc....." Then no risk of lawsuit, cover when the stock tanks in a gap down to $2-3 and all the Asensio stooges get to thank him for making them a bundle. But, this is not what MR. A did. His actions seem to point to desperation and not logical actions of a shorter in a comfortable position. Just something for thought. RH

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