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Non-Tech : TITAN CORP. -- Ignore unavailable to you. Want to Upgrade?


To: Pink Minion who wrote (924)8/31/2000 11:31:12 AM
From: Ben Wa  Read Replies (1) | Respond to of 1080
 
Tell that to to an underpaid schoolteacher who bought the stock at 41 and sold it at 22 when they got a margin call.



To: Pink Minion who wrote (924)8/31/2000 12:28:50 PM
From: Angler  Respond to of 1080
 
Not meaning to be argumentive, but now looking at it from the price of the stock NOT the "zero shares traded", it appears to me that if the shares were shorted at $29 and the cost of the shares were covered (bought back) at $23, there would be a great gulf between the newly executed price and the original short.

Meanwhile the market prices are being dragged down by ever lower short coverings as disgruntled shareholders sell out for losses or with puts. Sellers outnumber new buyers.

What other hanky panky might be administered by market makers, hedge fund mgrs, news letters, and so on is lost on me.

Am I right?

Angler