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


To: Mike Morgan who wrote (24854)12/8/1997 12:42:00 PM
From: J. Nelson  Respond to of 55532
 
What is up with this stock??? 490 posts and today trades 5400 shares @ $1.75 Hmmmm.

This issue gets more posts it's # 1 on my counter and no movement in the price
come on what's up here??? Can anyone tell me??? intrested.

Regards,
Jim...



To: Mike Morgan who wrote (24854)12/8/1997 12:59:00 PM
From: Pugs  Read Replies (1) | Respond to of 55532
 
First-off, I can't believe that a man of "integrity" would insult those he considers incapable of understanding the complexities of this stock.
I read your "keen" analysis of the RMIL run-ups to $4/share. First, Bob, we should agree that Mork is not the only interest short RMIL, he just (alledgedly) is short 2.5MM shares.
I would suggest to you, that the run-ups were due to other short interest covering ( brokerages). This caused sell-off from those who got in around $.19/share or so, and the drop back to $1.75.
When Mork covers, $4 will seem like bus-fare!!!
Of course, RMIL longs w/ large positions are being contacted about selling their positions, If a long w/ a 200K position sells, The shares could be sold into the Market at 500 shares a crack, over a week or so, dropping the value of RMIL stock to below $1/share, scaring other investors, and causing panic selling.
This way, Mork may NEVER HAVE TO COVER.,
Awaiting YOUR analysis...'slow but steady, Pugs