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Microcap & Penny Stocks : Short Squeezes

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To: Jack of All Trades who wrote (104)	5/25/1998 2:10:00 AM
From: Richard James	Read Replies (1) of 182

PLC a good short squeeze candidate. Short ratio 5.1. Smith Barney believed to have artificially pushed price down in order to convert warrants at lowest 5 day avg price in 30 day period plus 25%, period is up Tuesday and price pushed from 19 to under 12. Company is leading manufacturer of cardio revascularization machine, received unanimous FDA panel recommendation for approval a month ago. Upon completion of audit, due this summer and possibly by June 12, FDA approval to be awarded. 50 to 100% move likely in next two weeks. Richard James

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