SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : VNWC - VIDEO NETWORK COMMS INC ( VNCI ) -- Ignore unavailable to you. Want to Upgrade?


To: StockDung who wrote (65)4/19/2002 11:00:42 AM
From: corstrat  Read Replies (1) | Respond to of 308
 
Craig, Shame on you! You did know about the Stockwatch issue when you put your sanguine little post up yesterday. You are obviously a subscriber. Why didn't you tell us about it than? Did you think that you would impress all us peon shareholders with a surprise revelation today with the stock further whacked down? If that was your intention then I apologize for ruining your little surprise by mentioning Mudrys name in my post to you the day before. If you didn't think we were aware of this lame little and I use the word loosely, “article” when all that cheap stock was being provided on Wednesday, then you must think that we are as foolish as those who shorted it. And yes, that had to be shorting because I can assure you that NO ONE holding shares in this tiny little issue that might be intimidated into selling this stock based on Mudry's Canadian rag, would be stupid enough to subscribe to it. So where else would 182,000 share record volume come from?

But more importantly, we know where all the selling came from, but where did all the buying come from? After all, if you add Tuesday's and Wednesday's volume you get over 300,000 shares, or about 30% of the REAL trading float. And in spite of the article, six new MM, all the sells by Union, Canacord, and Global, (I'm sure they were all long shareholders who have given up on this issue and are dumping their long positions. yeh right) and all this volume, the stock is right back where it closed on Monday. So what do we make of this? Who are these buyers?

Well they could be investors who love scarfing up all these cheap shares, Or MAYBE, they are the sly foxes who were already short and realize that being short this issue by month end could be hazardous to their financial health, and got this rag to come out to sucker in new shorts to let the old out of the trap. You know that nothing is more fearful to a short than to have his position in place, and have the volume dry up. Could the volume we are seeing be the quiet before the storm? Which short will be the first to break ranks and start to buy in a panic? We may never know, but the thought is intriguing, don't you agree?