To: Rande Is who wrote (35998 ) 9/22/2000 10:05:26 PM From: KevinMark Read Replies (2) | Respond to of 57584 MPWR! Massive short squeeze in the making, just like CRDS. Rande, I'm so glad you brought the subject up the other day. There's no question what these clowns' intentions are by filing these class action suits. MPWR got hit with one yesterday, conveniently after INTC's warning @ 4:30, and another one today. If the intent isn't obvious by the timing on this, I don't know what is. Read the company's response to the 1st suit. Then let me make a couple of observations. suit 1: biz.yahoo.com and the second:biz.yahoo.com Here's the rebuttal to the 1st one...read the bold sentence. Mpower Communications Responds to Class Action Lawsuit ROCHESTER, N.Y., Sept. 22 /PRNewswire/ -- Mpower Communications Corp. (Nasdaq: MPWR - news), today confirmed that it has been named in a class action lawsuit filed in the United States District Court for the Western District of New York. The lawsuit was filed on behalf of a purported class of purchasers of Mpower stock between February 4, 2000 and September 7, 2000. Mpower will vigorously defend this action. Mpower Communications Corp. (Nasdaq: MPWR - news) is a facilities-based broadband communications provider offering a full range of data, telephony, Internet access and Web hosting services for small and medium-size business customers. The company is quickly expanding its industry-leading Symmetrical Digital Subscriber Line (SDSL) platform to serve the top 50 metro markets in the country during 2001. Headquartered in Rochester, NY, the company employs more than 2,000 people nationwide. Further information about the company can be found at mpowercom.com . Forward-Looking Statements Certain statements contained in this press release that state Mpower Communications and/or management's intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. Management wishes to caution the reader these forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially as a result of risks and uncertainties including, but not limited to, projections of future sales, returns on invested assets, regulatory approval processes, market conditions and other risks detailed from time to time in Mpower's Securities and Exchange Commission filings. SOURCE: Mpower Communications Corp. 2nd: Check out the short position as of August...http://www.viwes.com/invest/shorts/query.cgi 3rd: A downgrade by a no name firm called Stephens Inc.. STEPHENS WHOOOOOOOOOOOO???????? Where do they come up with these guys. 4th: Today's log precisely when the PR came out: 450k 423k 400k 217k 100k 79k The company is literally trading at book value and building a nationwide SDLN service that will open in every major city by 2001. Now the shorts have beaten this down about as much as they could and yet the stock closed higher today. As a matter of fact, I noticed REDI shorting on the ask during the last 30 minutes of trading when the stock wanted to uptick. They kept refreshing the ask with 1000 shares, and investors kept eating them. Now the ? remains, have they covered yet, because the stock budged only 1/8 of a point in A/H's trading yesterday and then upticked before the open today. Now the fun part. There is close to 5mil shares short on this puppy from 3mil in August. Another obvious sign that these BS lawsuits were on the way. Where in the hell are these people getting the shares. Therefore, there are many different firms and organizations who are in on this. IMHO, you will see one of the biggest short squeezes imaginable if investors start popping the ask with relentless buying. It set a 52 week low yesterday @ 5 7/8, but then quickly recovered, before the close. Today, it opened @ 6 and stayed around 6 1/2 until the 2nd bogus suit came out. Even after that, the stock still didn't sell off with authority. That being said, at least keep it on your watch list, and trade it if you feel necessary. Earnings are the 3rd week of October, and I honestly believe they will beat the pants off of revised estimates. The CEO is on top of the issue and is determined to see the company succeed. I have a VERY small position @ 6 1/4, and 1/8, after taking a loss from averaging down from 8. I took another position @ 1/4 and 1/8 after seeing REDI yesterday jump on the bid, after more panic selling occurred. Me included as witnessed here...http://www.siliconinvestor.com/readmsg.aspx?msgid=14410417 because I wasn't actually sure where the bottom was, and still not sure. But at these prices with the potential presented here, it's just to hard not to enter again at these prices. The stock is down from the 40's. I'm looking to load the boat, once the stock closes higher on 2 consecutive days. That will indicate a short term bullish trend, and you can bet the shorts will jump ship. Here's a chart, good luck and happy trading. stockcharts.com KM