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Microcap & Penny Stocks : Saliva Diagnostics (SALV)

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To: Michael Reilly who wrote (496)2/13/1997 3:59:00 PM
From: jeeza   of 3369
 
mike..u r so naive

this is how it works

lets say "john doe" agrees to buy 8M shares of SALV
john doe is not stupid..he says u sell them to me at $1
even 1.25 is fine

john doe shorts SALV against the box

everyone expect the small investor knows this

oppps..john doe has finished shorting all his 8M
price goes to fair value level ie 1/2-3/4 level

john doe covers his short....good 30%

who wins ???
SALV got the $$$ ....john doe got his
MMs made some..juggling the price

can u guess who lost ????
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