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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: WISDOM MILES who wrote (9393)10/17/1998 1:40:00 PM
From: Colin Cody  Read Replies (1) of 19331
 
so, it's time for a stock price turnaround, like speeding before plane takeoff. I understand your position here, and I HOPE you are correct!
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But my position is that that is akin to trying to catch a falling knife. You might grab the handle and be well rewarded... or you might lose all your fingers...
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For a seller of shares (not a short seller) we should see a massive blow-off to signal the end of his position. Otherwise there is "no telling" how many more shares he has to sell.
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Now if you believe that the seller of (his) shares is gone, and now he has become a shorter or there is another person shorting, that's different. And I won't say there is no shorter.
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But if there is a shorter, the SAME ADVICE HOLDS. As long as there are plentiful BUYERS a short laughs as he pockets their cash. Remember he is an ILLEGAL SHORTER. That means if you want to pay $.80 a share, he'll say OKAY! How many you want?!!!
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AN ILLEGAL SHORTER has no problem satisfying any amount of demand (within reason) since he in effect is just "printing certificates".
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As long as people are buying 50K to 200K shares a day, a shorter can do very well. I have seen OTC-BB stocks shorted 200% beyond the total issued and outstanding shares. i.e. a Company issued 10 million shares in total, yet there are 30 million shares in the float.
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The way to STOP this is not to throw money at the shorters. That's akin to throwing heroin to an addict or throwing gasoline at a fire.
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The way to stop illegal shorting is for management to take steps to limit it. I understand from reading this thread that DCI's management indeed is taking steps. I wish them (and all of us) good luck in that endeavor.
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Colin
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