Asensio** King of the Shorts - LET'S RUMBLE! Message Board

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Pastimes : Asensio** King of the Shorts - LET'S RUMBLE!

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To: Michael Bidder who wrote (210)	1/10/1999 10:00:00 AM
From: Andrew Martin	Read Replies (1) of 257

If Asensio hasn't covered in ABTE he could be in trouble. The buying between 5 3/4 to high 7s is a bit perculiar and may not be much retail. If so an institution(s) may have set-up a bear trap on A's short. Considering how tight the float has become a squeeze may well be forthcoming. If it catches the attention of retailers -look out. I'm worried about the A-man. The day shorts start getting busted-out of this market is the month before it crashes. I'm not even going to mention where I think ABTE will end up trading this week, only that it looks bad for A. I think it was really foolish of him not to cover at 2. He got greedy and betted on insolvency thinking he could cover on the pink sheets most likely. Incredible, for an extra dollar or two he's willing to risk destroying his position. Even I knew to cover my 86 short on Ebay at 173 -with cash. Considering T's rebound from Oct. and it's present notariety I hope A hasn't shorted on margin. Nobody can really be that stupid. Regards, -Andrew.

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