To: Hawkmoon who wrote (21211 ) 11/24/1997 3:13:00 AM From: shades Read Replies (1) | Respond to of 55532
Ron there are similarities here, but nowhere in the posts you provide do I see where they have PROVEN shorts. Consider this scenario: Mork ADMITTED he was short, so there was a PROVEN position. Now let me ask you a question, you are sure you are going to make money in something, you have done very well in the past and you want to help your friends, don't you usually tell them about an opportunity that you believe in? Mork thought he would make money, he SHORTED the stock (as he admitted) don't you think he told a few friends and colleagues so they could profit too and help to drive the price down. Since he had done well in the past they trusted him and joined in, the float in rmil is much less than was in gifs so there was much greater risks to the shorts. Good for us the longs. Also nowhere in those posts does it show the kind of blatant attacks against gifs like there is against rmil, at least when the big six firm withdrew from gifs they did not claim gifs was a non existent company, that is just too far fetched. The outright attacks from an admitted short seller to drive prices down are just too bizarre. The money here is from the squeeze play, Mork and friends may have seen a company they thought could never make it and knew it would sink so they shorted, they may have been good people that simply wanted to make a profit on something they were sure had no fundamental value. Even if that were true, they got caught with their pants down and now is the time for the poor to take from the rich. Even if they were correct, that no longer matters, what matters now is that they shorted, they will have to cover, and there will be big dollars here. Kugler (my pal) and friends continue to throw fundmanetals into the picture when it is no longer an issue, squeeze plays do not require fundmentals, it is a simple law of supply and demand, there is an ADMITTED short position, this was a game for the big guys and they will lose, it happens all the time. If fundamentals make so many rich, why do so many people lose that study fundmental data. Watch the movie Wall Street, that lets some of the secrets out about our game, espionage, secret networks, insider trading, squeeze plays, that is how the big guys play.