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To: Jorj X Mckie who wrote (75353)	9/29/2002 4:21:24 PM
From: Dave Gore	Read Replies (1) \| Respond to of 208838

Jorj, just answering my last edited post would be great. Answering questions like this and why ESST had a massive 4M - 12M short buildup 5-6 months before any bad news occured makes me suspicious. It also makes us all better traders when we analyze these things, does it not? I'd appreciate your thoughts on ESST. Keep an open mind and see if this really sounds normal. On ESST I was very surprised along with Bruce and a lot of other experienced traders when the company beat earnings expectation by 30% yet the stock tanked from $20 in afterhours to $16 the next day and then $13 or so over the next few weeks. We thought that maybe they had stuffed the channel but their margins went from 23% to 44%, indicating strong demand. This is usually a good clue, do you not agree? We thought maybe some major shorting group knew that business was turning bad, but they beat earnings soundly 3 months later and margins were still high and sales had inceased yet again. I have rarely, if ever, seen such a short attack occur so far in advance of the actual bad news. I mean 6 months ahead of time? Have you? Again, I lost money initially but then traded ESST profitably when I saw what I and many others viewed as manipulation. So, this isn't about sourr grapes, it's about figuring out what happened and "how" and "why". How did the shorts hold the stock down for 6 months until the bad news came out and why did they short it so early? Shorts generally do more DD than anyone because they are risking a greater loss. This one didn't figure. Certainly having real-time short interest data would be very useful, as getting it up to 38 days late makes spotting short traps much harder. I'm just curious, don't you agree that this sounds suspicious at all, when margins were doubling and shorts suddenly attacked 5-6 months early?