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


To: Just My Opinion who wrote (22709)11/30/1997 11:12:00 PM
From: michael d kugler  Read Replies (1) | Respond to of 55532
 
I guess that's the point Al. If there is a huge short position out there, you are doing the right thing. But there isn't a shred of proof anywhere that this condition exists except for Mork's 98,500.

The mechanics of the market and the surveillance makes it very hard to maintain a naked short position for any length of time, when there is a certificate call which is of the magnitude here.

I just don't see the mad scramble predicted come anywhere near fruition. And there are real reasons this stock went to near zero, not the least of which were massively diluting stock registrations, and late financials.

Hell, I'd like to see you all pull this off, if there is something to this squeeeze story. The real numbers and market action just don't seem to support the hypothesis.



To: Just My Opinion who wrote (22709)11/30/1997 11:36:00 PM
From: Hawkmoon  Respond to of 55532
 
Difference of opinions..:0)

However, have you ever noticed how prices for stock can often go down on lower volume than they went up on?? That's because mmkrs make their money from trading the spread. If there is no volume, they aren't making any money and they will see a price where volume builds. Or if there is a surplus of limit orders, they have no incentive to raise prices, since as you guys claim, they are shorting the stock anyway.

Hence, my suggestion for using market orders to break up the trading range and pressure the mmkrs to higher prices.

Nite all!!!

Regards,

Ron