Janice: I don't know about IOM, but I HAD heard that Cabot had called for their certs on PRST.
This was, as you said not done with the public's participation.
It was unilateral, I believe.
The squeezes generally don't work as you say, but IMO not because of your anti-cert calling perspective.
The BB squeezes do not work because of the people involved.
They usually never have the money behind them, and they are usually giddy over a small gain.
It's kind of hard to pull off a squeeze
when you have people that are happy making 1800 dollars. (for example)
(also the companies on these BB stocks are almost always foolish in their short term perspective, they generally kill it by issuing shares)
I believe that on the BTIM squeeze, the fact that Individual Investor Magazine had picked it as one of their Hot 25 helped that one tremendously.
The Zona one had a lot of brokers interested because of Perot.
When he sold 80,000 shares at 15, I think it was,
they all were scrambling to figure out what was going on.
This issue can go round and round, and I believe personally with the right "artillary" a squeeze can be pulled off.
However, I also don't put much faith in what I read on the boards concerning a specific BB squeeze, because I don't personally know the people involved.
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