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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Walls who wrote (2660)	7/17/1999 5:01:00 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 19428

GW, 1) UAI blames it to mean old short sellers. Well, they are not right. There is no overwhelming short interest. Per June a couple of thousand shares were shorted. Therefore the price drops without support (cover buys). If big short sellers had put a stake in it, I am sure it had a prominent following on SI way earlier. But there is no. Which serious company blames short sellers for a decline in price? Which one? I'm not aware of. Did ORCL or AAPL , or good old UIS blame short sellers, when each of them hung in the doldrums? No, but all of them recovered driven by good company performance. No, notorious TRBD or BRE-X or DNA ...blamed short sellers for a decline in stock prices. Even EVSI refuted some accusations - only to restate weeks later and being again cut in half, now at $2 3/8, down 92.5% from its high. 2) The stock ran up due to institutional buying. Gimme a break. Which insitution would buy if they are not included in any index yet and with such a minuscule (- as mentioned 900k) float. I know of little institutions (or MFs) who are allowed to buy such stock. Which "institutions"? 3) Mr. Sparks mentions that the move to the AMEX should help the stock make less volatile - as in one recent releases about the AMEX listing. In contrast to that now he cites the almost nonexistent float as source for the increased volatility. Nothing adds up here. The chart reminds me already on EVSI, check it out we will see where the bottom is. I am inclined to see it at $4.