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To: mgland who wrote (673)6/26/1999 2:53:00 PM
From: GARY P GROBBEL  Read Replies (1) | Respond to of 1413
 
Mark...we are getting into a position of owning a considerable amount of the flt...not that this is intentional or by design...it is just the set of circumstances we find ourselves in. If we continue to buy around these levels that set of circumstances will become even more interesting. I have found myself in a similar situation a few other times.

When this happens, and a particular press release is issued by the company, strange things happen to the stock price. MM's can't find shares, and if they are short already it just exacerbates their situation. Then basic economics take over and we operate under the law of supply and demand.

gpg