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Technology Stocks : PSIX up 26.5%, Takeover(?) -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (5208)	11/3/2000 4:58:23 PM
From: James F. Hopkins	Respond to of 5650

Kyrsol; I'm aware it looks like it wouldn't make sense, but looks are deceiving. To get the votes you need the stock and they want that as cheap as they can get it. On top of that anything they make off the short position offsets the loss in value of the bonds. I did say that to come out in the long run they had to put her back on her feet, at least enough to sell her or her parts off. ---------- I've seen this before with more than one stock, at times it's often a prelude to a hostile takeover.. I watched and was in CIRX when shorts exceeded the outstanding shares and drove her to 2-1/4.. When NSM did take her over the shorts who hadn't covered got squashed she was bought for about $25 Now that don't look like it makes sense either as why would NSM pay $25 for a $2 stock.. ( well when bid they didn't have that many shares to buy and it made the ones they had already bought dirt cheap worth a lot more, as the shorts who were outside the loop and didn't expect the NSM move & had to scramble to cover. ( buy stocks the from MSM at a high price just to repay the ones they had borrowed from her) -------------- You don't think that most of this was shorts, wait until the new short report comes out in about 3 weeks ) She went from about 11 mil in Sept to 14 mil in Oct and when you see Nov it could easily be 30mil .. and keep in mind that won't indicate the likely peak of 50 mil reached yesterday. Most of the fight right now is between shorts trying to make an 1/8 or more off a fast trade, eventually half of them will get stuck with the hot match but they all think taht will be the other guy. Jim I saw the eggheads on CNBC yesterday , hacking her down "she will go to zero " buy at your own risk, don't think for a min they aren't short. -------- CNC is another one shorted to high heaven..and I'm in her cheaper than they got short at some point they will have to pay me back the shares they borrowed from me, meanwhile as long as CNC don't cut her div the shorts pay me that too. They may not cover until she gets took over but at that point they get screwed just like the suckers who bout this at 60 ; but maybe not as bad. I know the ones who bought my calls were not just speculators , that was shorts who got in when she was 20 or so buying some insurance. They won't cover as they know they can get out at $5, and they get what is called a "rebate" on the money in their short account. Something us little guys don't get..( the broker splits the interest on the short money with it's bigger clients " You don't think brokers go to the troble to let you borrow shares because they like you, or that they don't have an angle. ? Jim