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To: Anthony@Pacific who wrote (15373)6/20/1999 3:29:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 19109
 
why? because someone hyping a stock DOWN and possibly luring innocent lemmings into shorting a 3c penny stock is WORSE, far, far worse than a hypster luring greedy gold diggers into buying a stock with a few loose bucks, looking for fabulous returns to the upside.

Anyone blind enough to actually sell short a 3c stock can have "unlimited" financial damage with any upside movement.

I was talking with a guy several months back who was afraid that he lost his and his wife's home and all their bank account $$$ by following someone on S.I.'s recommendation to short SKYM a little before before Christmas (I haven't a clue who was recommending the short position). He shorted it at about $5 I believe it was and the stock popped to $48 the day after Christmas. He was liquidated by the broker.

All thanks to a pie-in-the-sky "snake oil" short touter.