SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : How to best deal with KOOKS at this web site

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Iceberg who wrote (1752)9/7/1998 3:54:00 PM
From: Herb Fuller  Read Replies (1) of 1894
 
Ice , Can this be for real ?

" This is a special update regarding our last Monday pick - JAWS (Great White Marine - formerly Tigershark Enterprises). We have recently learned that the largest shareholder has begun requesting stock certificates in an attempt to initiate the impending short squeeze.

Our sources tell us that the shareholder has requested one million certificates and will request more if necessary. The short position is believed to exceed the float and this is perhaps the largest short position we have ever heard of (Iomega's was 33% of the float, KTEL's some what higher, Amazon.com was rumored to have just over 100% of the float).
What does this mean?
This means that it is theoretically possible that JAWS, which is currently trading just below $3 per share, can trade upwards of $50 to $150. Even though JAWS
does have excellent earnings and excellent growth (25 cents per share earnings so far this year) which could give it a fair market value of about $10, we are now convinced that this stock will trade much higher because of the impending short squeeze. Basically this stock will not be trading higher because of its fantastic fundamentals, it will be trading extremely higher because of forced buy-ins and investor enthusiasm. "


homestead.com

Herb
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext