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To: arno who wrote (16219)4/20/1999 11:30:00 AM
From: James Simonick  Read Replies (2) of 40688
 
Yes, and to re-establish inventory that has been GREATLY diminished in the last 2 months. You all have seen how hard it has been to get orders filled. We want shares, BUT THEY NEED THEM to do business. When they run out there are only two options I know of - short sell or raise the price. Both produce effects that are in direct opposition from a cash standpoint on their behalf. However, since they control the price, if they;

1) short
2) then lower the price enough to shake shares loose
3) then cover their positions before or while filling buy orders

they can get things back under control and make some money in the process. It only works if we sell or have shares in shortable accounts. Moreover, if we do not sell on the down swings, but buy instead, we will create a situation where the only working out is to raise the price to get shares. IMO we already saw that happen from about $5 up to $8, but at that point selling prevailed. Now if there are more shares in long holders hands (true longs who would support the company, not just daytrade) we should see somewhat higher prices soon and better price regulation relative to volume changes. Here's hoping the longs will keep strong and keep up the good work. -Jim
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