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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?


To: franco who wrote (194)11/9/1997 1:39:00 PM
From: Russell Gish  Respond to of 11708
 
Franco,
On October 25,1996 CSMA closed at $10.125. Just over a year later the closing price is $0.50. What I want to know is how in the heck an air freshener company can be shorted to such a ridiculous level. Don't people realize just how important a fresh smelling office cubicle and vehicle is now days.
The more DD I do on this the more aggravating it is to try and understand how this company could arrive in such a state of affairs. But rather than try to understand I believe I will simply add to my position tomorrow. One tidbit of info I'm interested in is the restricted shares of ERHC which were obtained with the Uinta deal. I believe ERHC will appreciate in the coming year and add even more additional bottom line to CSMA. Don't know how many shares they received, but I hope it was a bunch.

Good luck,
Russell



To: franco who wrote (194)11/9/1997 6:17:00 PM
From: TraderGreg  Read Replies (2) | Respond to of 11708
 
This is my first post on SI, having watched from afar for several months
on a variety of tech stocks. I joined SI to impart my current information and opinions on a stock that I have watched since May and invested in since June. I believed then that a short squeeze is possible and still do. More importantly, all the fundamentals that have been discussed make this a BUY irrespective of the short squeeze potential

I presently am long 30,000 shares of CSMA, the vast majority of which has been acquired in recent weeks. I bought originally on hopes of a short squeeze that ultimately became but a new buying opportunity. I added to my position to average down but also on the basis of FUNDAMENTALS. How about that non sequitor? Fundamentals on a stock trading under 25 cents. I did my DD, for a change, and all that has been posted by Franco and David Smith is either TRUE or I have been the victim of a very sophisticated hoax.

All of us try to cull out the closet shorters from the longs. But I ask you: Would a CURRENT shorter recommend you call your certificates in? Would a CURRENT shorter laud the growth potential of a company trading at 50 cents?

A PROPOSED shorter would do these things, after the stock hits $5 or $10. But at these prices? Hardly. How any one would think to short this further by praising the company is beyond me.
Any shorting done now is desperation naked shorting in hopes to cover to old broker Paul by shorting with new broker Peter. This is similar to Ponzie schemes where original investors are rewarded from funds acquired by new investors. The scammer is getting deeper in the hole but getting the older activities temporarily off his back.

I will add to these thoughts in a later post. But for now, stay the course, call for those certs, and don't panic. The fundamentals alone of this company warrant a stock price far greater than 50 cents!

TraderGreg