Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Hank who wrote (4680)	3/10/1998 4:02:00 PM
From: Bill Wexler	Read Replies (2) of 18691

The stock is rigged by early investors in Zonagen...such as the Petrus fund. When only a few individuals control a large chunk of a stock's float, it is very simple to keep prices artificially inflated by: a) Sitting on the shares. b) Lending out a little stock, then calling it in - generating a short squeeze. c) Lending out a lot of stock, and then selling a little at a time...generating a short squeeze by effectively calling in shares, and then selling them back to the same short sellers who are trying to cover! I believe we are in the middle of scenario (c). That's exactly why the price/volume activity seems so unusual.

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