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Microcap & Penny Stocks : INFE ... Infocall another Sleeper
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To: bullmarket who wrote (2495)6/2/1998 3:32:00 PM
From: elk  Read Replies (1) of 10343
 
bullmarket, I respectfully disagree. Without the Rocketeers, they could not have pulled it off that many times. They would have covered once or twice and then support would have truly broken down. With the Rocketeers supporting the price, they can keep moving it up high, and tanking it down a dollar and a half, at will, to cover. If the stock was basing at 3-4, they would not still be shorting it, or at least not nearly to the degree they have. The higher the price, the lower percentage of a move to cover the shorts, therefore a lot easier to do.
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