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Microcap & Penny Stocks : PKGP (Packaging Plus)
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To: Jim B who wrote (2242)5/20/1998 12:33:00 AM
From: Qone0  Read Replies (2) of 4783
 
Jim,

MM's naked short all these bb stocks. not just this one but all of them. This one however has been shorted to an extreme. They never have to cover,they just trade the short position between each other on settlement day. The only way to make them cover is to call in certs or the company has to change its name.

Every time a large amount of buying comes into a stock they gap it up sell it short until they kill the rally and then walk it back down.

If and this is a big if,a group of investors could be put together to buy with limit orders until the group has bought more than the float, and then call in certs we would all get rich off this MM practice.

The only way this is going to work IMO is to have the group use a set limit buy price, so no one gets front run. Also a limit sell price on the forced cover so no one gets dumped on.

The knowledge of this must be kept within the group,no public posts.

Can this be done or will greed get in the way?

ROB
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