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Microcap & Penny Stocks : Classic Golf Corporation (CSGC)
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To: Lionheart who wrote (518)4/23/1998 8:01:00 AM
From: Musya  Read Replies (2) of 904
 
This stock is BB. THat means it cannot be shorted by individuals through U.S. brokerage accounts. It can always be shorted by MMs against the box. Individuals can short is through an account in Canada, and it is legal. But not many people go through the trouble of having account there.

I want to say that there CANNOY be any substantial number of shorts in this stock anyway. The log does not look (and never did look) like a log of a stock shorted by MM. IMHO, all the selling was legitimate selling on the (apparent) disappointment by holders who gave up. (If you want to see how the log of a stock shorted by MM looks - study the log of DCTC as of nine to 3 days ago).

This stock dropped because people had too many unwarranted expectations from the first turnament. This first turnament was needed only to make a film to show for the future sponsors. And Kids here were dreaming about Tiger, Chi-CHi and God knows what else.

IMHO, this stock will progress, as time goes by, and it will be better if it minimazes spikes on the way up. These spikes are very hard to capitalize on for an individual trader, and after those spikes the stock fells and is hard to get back up. This one needed a two months to build a base and get somewhat back after the previous spike.

Musya.
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