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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: Ellen who wrote (21505)11/25/1997 8:10:00 AM
From: Ditchdigger  Read Replies (1) | Respond to of 55532
 
To anyone: it's clear there has been selling pressure the last few weeks(just look at the chart), a few of these days volume has been relatively large(100k+). What would prevent short covering? What would prevent Mork from covering his rumored 100k position? If infact he has covered,would there still be basis for the law suit? What are the ramifications(spelling) of shortcovering( even a % of total), on the time span of the squeeze? It would seem that any shortcovering at this point,would infact speed up the squeeze and apply the high pressure needed, on the ones caught with their pants down( where the big $$ would have to come from), correct? Is there really a basis for a short squeeze TIA
DD



To: Ellen who wrote (21505)11/25/1997 8:36:00 AM
From: Ditchdigger  Respond to of 55532
 
One last question(then it's off to work) If in fact there is a very large short position(say for the sake of argument,1M sh[nearly 33%]), also lets say, you as expectant squeezeres own 2M shares. Once the 1M shares gets squeezed into covering, who will buy the other 1M shares that you hold?
It would seem this would leave 1M shares dieing to be sold,causing a crashing price,yes?
DD


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