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Technology Stocks : Open Market (OMKT)

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To: Numberspro who wrote (1178)3/6/1999 10:59:00 PM
From: Bradley W. Price  Read Replies (1) of 2004
 
<Can you explain to all of us holders of OMKT why, if all the internet stocks are flying and E-commerce is growing very rapidly, and in addition OMKT has this large share of this market the stock just sits there at $11? >

Yeah, supply and demand. Lots of short selling on low volume. Fortunately, this can't last forever, eventually they run out of stock to borrow. Sure looks to me like we are susceptible to the mother of all short squeezes here, esp if some big players move to take physical delivery of their stock certificates.

The other alternative is that there are some convertibles sitting out there. Does anybody know if OMKT has done any financing by issuing convertibles?

Tks,

bp
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