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Technology Stocks : Crys*Tel Telecommunications.com, Inc. (CYSS)
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To: Chief who wrote (219)5/5/1999 8:34:00 AM
From: Chief  Read Replies (2) of 338
 
Crys-tel Telecommunications has had several days of light volume after several days of significant volume. I have been in contact with several major share holders and am being told that they have called for their share certificates from their Brokerage houses. Once this process begins, the Brokerage house places a demand on the Transfer Agent for the "actual shares" to be delivered to the "rightful owner" and they are in effect removed from the float. As the float is diminished there will be fewer shares to be loaned out (shorted against) and I believe the short position will be forced to cover in the open market.

Consequently, the next several weeks will be quite interesting as we watch the trading activity of CYSS. I am buying more "paper" on all dips and will position myself for the period of short covering.

I remain long CYSS and look for buying pressure near term.

Warm Regards,

Chief

PS -> My call was made to my broker for delivery of my shares on Monday.
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