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Technology Stocks : Advanced Engine Technologies (AENG)
AENG 0.00010000.0%Mar 7 3:00 PM EST

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To: Batman who wrote (1399)7/15/1998 2:40:00 AM
From: Greg Cummings  Read Replies (2) of 3383
 
I believe it was Lonnie and the Countess (246810) who accused Travis of having something to do with TVSI. As usual, they were wrong.

Auric, I'm curious why TRAV needs to take the stock above $20? The buy ins seem to occur above $20, so why should he? You sell the stock short at $16 or $17 and TRAV buys it. Then, when you get the dreaded call in a few weeks, your short is covered between $20 to $25. It seems like TRAV is making all the money he needs. Why should he move the stock up?

The way this thing works is fun to think about, because you realize how foolish the shorts really are. The stock purchased during the buy in doesn't go anywhere except right back in a TRAV account. TRAV buys the stock that Auric and his buddies short to him, but in a few weeks the buy in occurs and TRAVs the one with the stock to fill the buy in order. TRAV moves a few shares from one account to another and collects the difference (which was Auric's cash) between where Auric went short and where the buy in occurred.

The only conclusion I can draw from this is.............I'm in the wrong business! With fools like these out here, I need to open a BD. They're not only crazy enough to continue this, but they think they're winning! I'll bet Mr. TRAV is mad as heck (grinning ear to ear) whenever they force him to collect a few hundred thousand dollars whenever the buy ins occur (every few weeks). Auric, were you born yesterday? You need help! You're a Craaaaazy Maaaan!

Best of Luck, Greg
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