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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (20656)	1/19/2000 8:57:00 AM
From: myturn	Respond to of 150070

SHMN, gapping this morning. SHMN, float 8 million. What world are they living in? Obviously it is is all the preferreds who shorted the stock down to pennies so they could convert as many shares as possible or attempt to convert. It is my understanding they have not been able to convert any as of today. Some experienced investor got wind of this story and has been buying up all of those naked shorts, which has forced the price up and causing the shorts to cover. In theory it sounds quite possible. It is quite possible. The higher the price, the less they can convert. Also, if they were shorting the stock below .02 in anticipation of converting millions of shares; they just woke up to a cold shower the last few days. There is a good possibility they got caught in their own little scheme. We go higher, then there is validity to it. We stall now, then it was one big mo play. Me, I am along for the ride.