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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Scott Bergquist who wrote (2723)	3/31/2001 2:55:19 PM
From: tradermike_1999	Respond to of 74559

It is a small world. Last year I shorted a company called lifeminders.com at around $20. Company was nothing but an internet site with a mailing list. Got caught up in a short squeeze and had to cover for a loss. Buddy of mind was also short the stock and the next day he took a plane trip out west on a commerical flight. By coincidence he sat next to the CEO of the Lifeminders company and told the guy he shorted it and got caught in a short squeeze. Not sure if it even is listed on the Nasdaq anymore. So many reverse splits going on now! Reverse split searches are a good way to find scam companies or stocks going to zero and short them at a good price. One of my favorites was a company called Widecom. A story to long to tell but was a small copy machine company owned by one family that was looting its assets and the stock. They did a reverse split from like 2 to $10. Problem now is that even with reverse splits most of the companies can't get a above the $5 mark. Sad story.