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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: Sam Lee who wrote (46765)	7/22/1999 11:33:00 PM
From: bullmarket	Read Replies (1) \| Respond to of 50264

Sam, I don't really think this is short covering, since we had major buying even before the halt (with more than 2 millions shares traded over a two day time frame!). It appears to me someone likes this company enough to buy before the halt and perhaps is continuing to buy the day it is traded again. Also, why would the shorts cover at this level, unless they feel the price will go up on improving fundamentals? If the shorts feel the company is a scam and therefore the price should continue to go down, especially after the halt, they would have waited to buy to cover, imo. They probably would not have been buying big blocs of shares like we saw today. of course, we are all guessing at this time. It is enough for me to see someone is still interested in the company and is buying impressive number of shares.