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To: Gerald Walls who wrote (369)6/24/1999 3:12:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 790
 
"It seems that the only possible way for them to lose is to short it down and then suddenly the shares rise so fast that they can't convert for the amount they're short."

No, that's the purpose of the ceiling and the 'lookback' clause.

Barb



To: Gerald Walls who wrote (369)6/24/1999 3:30:00 PM
From: Zeev Hed  Respond to of 790
 
Gerald, if the bandits shorted here (and they are not stupid, of course they did), they already took everything they had "at risk" off the table and almost 50%, now, if the stock goes down as it should and they continue and short it to oblivion, every single short they can sell, is additional pure profits. The only "risk" is gapping up above their latest short, but guess what, they have a "look back" (and they'll be the first to know a "gap is impending". No the only purpose of this machination is to fleece the public with their hopes and hype of a successful business.

Zeev