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Non-Tech : Havana Republic (HVAR)
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To: Laz who wrote (117)7/30/1998 11:59:00 AM
From: TAPR  Read Replies (1) of 686
 
You forget a "couple" of things.

1. The shares converted some months ago.

2. The MM(s) could be long from the failed rally following the spike.

3. The MMs went long (PROBABLY >85K shares) the stock on MON afternoon and they set the bottom at .11 then and with the rally this morning they are buying 11 again. You'll get a better idea of how the MM supply is: when the BID goes up they are probably out. I don't believe they are swimming in certificates. As Laz suggest.

4. HVAR should be holding roughly 3/4 of a million in cash (.045/sh) and the stock will never be bought on the open market for .07.

5. All this stock you are talking about was sold by HVAR around .30. This may be behind the resistance at .30, but probably not the sell off at .15.

6. There may be 18 million shares outstanding but the free trading float is much smaller.

7. "It's the market, stupid."

Therefor: WE SHOULD HEAR FROM LEBED TODAY!!!

PS You might check with GA BARD on his current position. He should be tempted at these prices.
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