I would be very careful with this stock, apparently the CEO is pulling a Clinton on you. The CEO (a man who is suppose to be paid for being reliable and accurate.) says there has been shorting by MMs. You would assume that he would have called or verified the information before making a blanket excuse for the fall in stock price. I would be careful on the information, the CEO feeds you, apparently he will say whatever is necessary to cover his butt, because I made the statement, when this stock was at .10, the next day the slide continued. I am not an MM, if I were I sure wouldn't waste my time aguing, with paid hypsters, I'd let this thing run up, sell to everyone, buy back very little, and go home feeling great about my profits. The following is the WSW news letter paragraph, followed by my SI POST. Make your own decision.
"I just wanted to let everyone know that I have been in touch with Herb Tabin, the CEO of International Industries and I am told that there was shorting by two market makers at the end of the day today to create the illusion of selling. One of these guys may be on the ININ Techstocks discussion board system at techstocks.com. An individual made the comment that "The dumping has started." I hardly think so. There was practically no selling today."
To: StandFast (142 )
From: StandFast Wednesday, Aug 19 1998 4:05PM ET
Reply # of 181
Appears as though the dumping has begun. The bid and ask started to plummet right on torwards the close. Looks like we will continue the downward trend in the morning. Anybody got any ideas?
|
