JAWS;A P/E of 2 with 150%/yr Erngs Growth!! Message Board

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Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!!

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To: Pendretti who wrote (966)	4/30/1998 9:15:00 AM
From: John Fairbanks	Read Replies (3) of 4230

FWIW -- I was reading an article a while back that was talking about why BB stocks always tank the last of the month. It basically said that MMs calculate their cash postitions at the end of the month and that often they will short BB stock the last few days of the month to increase their cash position. The extent of their abilities to carry on market activities for the following month is apparently regulated by the SEC or NASD and it is tied to this capital position. Anyway, the article said that to build that capital position MMs will typically short BB stocks at the end of the month and cover those positions once the new month has started. Based on the lack of regulation, this is a legal way for them to have their capital position look better than it actually is. I know it's tacky posting something like this without the article but it's been a long time. It will be interesting to see if it recovers Friday and Monday... of course, if that newsletter recommend does anything they might decide to cover early and short something else today! ;-)

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