SMT Health Services (SHED) Message Board

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Biotech / Medical : SMT Health Services (SHED)

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To: Linda Weinberg who wrote (19)	1/28/1997 11:02:00 AM
From: John R Resseger	of 32

Linda My therory on shorts has to do with my experience with several other companies that have warrents that are closing in on experation. I believe big money people shot the stock, and then when the Warrents go down in tandem , buy the warrents. They then cover their short causing their warrent to go up. They canshort the stock and worst case if they own the warrent they are covered. The float is so small , I believe games like ths are played. A fund manager will see that amount of short interest, and start buying . The stock moves up. Anyone short the warrents gets nervous. I was long quite a few warrents. I have been unloading. If the market heads south some big guy will drive the stock down , shorting the warrent first. If the stock is below $6.17 or somethin on 3/1 or 3/15 whatever, the warrents will be worthless. JRR

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