Turbodyne Technologies Inc. (TRBDF) Message Board

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Technology Stocks : Turbodyne Technologies Inc. (TRBDF)

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To: Mama Bear who wrote (1638)	8/7/1998 10:30:00 AM
From: Gerald L. Kerr	Read Replies (2) of 3458

>>Since there were very few shorts getting in the other day when it fell from the 15s it can be logically concluded that those were longs dumping.<< Agreed...momentum traders and other longs with no clues re the technology dumping on fear in a market climate dominated by fear. Also astute traders taking advantage of the opportunity to take profits and buy back at lower prices. Manny Asensio already had a large short position and was hurting bad...so I hear. >>Since the stock is hard to borrow, I would expect that the shorts will not let go of their positions easily.<< I hope not...although I suspect the more astute have already covered. >>If in fact the company is selling snake oil, one does not call the snake oil salesman and consider his reassurance that snake oil is efficacious as proof that it is so.<< Agreed..."one" should call Detroit Diesel, EPA, RATP (Reseau Autonome du Transport Parisien), Milwaukee Transit.... I am truly sorry that you have been unsuccessful in personally establishing a large short position at current prices. Gerry

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