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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: Ella who wrote (5161)10/22/1996 10:04:00 PM
From: Mr. Aloha   of 13351
 
That is true...

It could be someone that likes the price or someone that needs to close out a short position. I'm not a Market Maker so I don't know the technicals, but it would appear that some of them probably OWE shares to complete the short position they took around $2.00 or so. All they need to do is BUY these shares from whoever and give them to the person they borrowed from or write-off the initial short position if it was just a paper trade.

The lack of news from the SEC is a positive. If they found something SO WRONG, like no product, than they would have said trading was to be halted until further notice pending additional review etc... They didn't say anything and SEXI APPEARS to be cleaning there books and I'm expecting certain press releases located at SEXI's home page to disappear.

I think only 1% of everyone whoever heard of SEXI really know what's going on right now, but the news to me is not TERRIBLE. I have this feeling that today was just a sample of the kind of trading to come. Either through some organized pink sheet trades or when SEXI comes back to the BB's.

Aloha
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