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Microcap & Penny Stocks : Computerized Thermal Imaging CIO (formerly COII) -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (4811)	7/3/2000 1:08:32 PM
From: Patricia	Read Replies (2) \| Respond to of 6039

Peter...that's odd, that you and others don't know of any case where shorters manipulated a stock. So, I take it that you think there is only one way for a stock to be manipulated? The company has to be a bogus one and then really smart people find this out and in hordes decend on a thread to "wise up" their fellow investors so they won't lose money...right? And, of course, these smart people have no stake in the company one way or another...they haven't taken a short position to profit from the falling stock price as investors panic and sell out...right? Interesting. IF that's what you believe... I'll name one, for example only...in this case both a hypster senerio and a basher senerio happened to the same company at the same time. PAIR, Pairgain Technologies. A hypster, issued a bogus press release...it hit all the threads and PR newswires. Stock price begain to climb. Didn't even take a day to discover it was a bogus press release put out by a Pairgain employee wanting to make a fast buck. Once that news hit the newswires the shorters invaded PAIR threads in hordes with all kinds of stories to make the price fall faster and harder. Such as: PAIR'S management had to know about the press release, PAIR's management had been defrauding investors for years, the companies products were no longer viable. In truth, PAIR had lost a major contract before all this took place and missed earnings so the stock price was down already... bashers claimed they were losing many more and just hadn't told us about it yet. Stock price fell sharply, quickly. Who got hurt? Honest investors. Which hurt the stock price more? The hypster or the shorters? Both. However, without a doubt the short sellers made a great deal more profits. I was/am a Pairgain long term holder...I didn't sell on the good news nor on the bad. I believed in my research and the company and held thru the fray...believing in the fundamentals of Pairgain and the reasons why I invested in the first place. ADC Telecommunications just completed the buyout of Pairgain on June 29, 2000. Only time will tell with COII...que sera, sera. Patricia