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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: s martin who wrote (50670)8/4/1998 11:51:00 AM
From: tonto  Read Replies (1) of 55532
 
From the Wired.com article,

On August 5, 1997, a retired New York City cop named Riley G (his real name) clicked into an obscure thread on Silicon Investor web site and posted a message. In it, he alerted others of his ilk to "the possibilities here of making money." Market makers, G asserted in a series of posts, had sold more shares of Olympus Ventures than had been issued, and those who bought the remaining shares could sell them back to the oversold brokers in what's known as a "short squeeze." For anyone confused by the lingo, G made it plain; The stock, then trading for about two dimes per share, could be driven up to $400 to $500 per share. The crowd went wild...
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