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

To: David Smith who wrote (1222)	11/20/1997 1:24:00 PM
From: WAYNEW	Read Replies (2) \| Respond to of 11708

DAVID SMITH: Thanks David, I appreciate your response and I'm sure the others on this forum do. Wayne.

To: David Smith who wrote (1222)	11/20/1997 3:01:00 PM
From: Ellen	Read Replies (2) \| Respond to of 11708

OK, I'll probably get the prize for dumbest question of the day, but here goes: The original shorter who brought the stock down to below .20 will have to be covered before the month end, or else bring huge sums of money to the table and keep his open position. The current shorter does not have to cover anytime soon but is highly motivated to cover at a lower price than he sold the shares for. In other words, as the stock goes up past their average sell price, they would want to be covered so that they have made a profit. Say we have Shorter #1 and Shorter #2. Shorter #1 brings the stock down to .20. Wouldn't he have already covered from the price he sold it, on the way down to or at .20? And wouldn't Shorter #2 be covering at yesterday and today's prices? Sorry if this seems too elementary. I've just seen this described/explained so many ways that I'm trying to get it firmly set in my mind. Thanks to anyone who comments!