Log On America, Inc. LOAX Message Board

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Technology Stocks : Log On America, Inc. LOAX

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To: EyeDrMike who wrote (172)	6/3/1999 3:32:00 PM
From: ISP_Investor	of 353

I'm just watching now and riding my current short. There aren't any more shares left to short. You can't get permission to short it any more. There is too much selling and the only buying is short covering. A couple of large trades went today at 16. I think they were buy limit orders to cover shorts at 16. They didn't even move the market which would tell me that someone has a large block they are trying to unload. (ie: no one was trying to sell a big block at 16.25 but as soon as a block came up at 16 it didn't move the market so my gut feeling is someone has shares they are trying to get rid of without scaring the market with a big sell order, although this is no more than a guess) Anyone else have any luck finding shares to short? I'm sure they'll be plenty when the lockup agreement expires.

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