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

To: David Smith who wrote (3806)	12/17/1997 8:15:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 11708

Everyone remember the barber shop question? I,too, thought calling for certs would work. Honestly, I did. But the fact of the matter is that theory and practice are two totally different situations. Allow me to explain. The MMSs are not stupid(my first mistake). They will not, as DavidSmith has given as an example, short 900,000 shares of a million share float. No way, no how, ain't EVER GONNA happen. What they will do is short a select percentage, and even if certs are called, THERE WILL ALWAYS BE SHARES AVAILABLE. The RMIL scenario that every one touts as a short squeeze. Was it ? Or was it insane buying by people thinking a short squeeze will happen? Even the IOMEGA squeeze that produced it's runup, was calling for certs a contributory factor. Perhaps, that was a marginable stock and real shares had to be first borrowed, plus the Motley Fool stimulated so much interest that covering was intense. But was it a squeeze created by calling for certificates, I think not. It was the Promise of a Squeeze and the concommitant buying that caused covering and price escalation. Calling for certs may exact a little pressure, but these MMs make sure they have a safety net to draw from(their co-conspirator MM whose shorting something else) And that boys and girls is why: If everyone talks about short squeezes, why is it they rarely are documented.? Kind of like the Roswell incident, huh? TG