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Technology Stocks : Fonix:Voice Recognition Product (FONX) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Cox who wrote (1504)	12/18/1997 5:23:00 AM
From: john harris	Respond to of 3347

Hi Parx: You wrote: <<If anyone could explain why they could be short and hold large long positions too, I'd be glad to hear it. They are not. Traders, market makers and other active investors are shorts, but not management.>> This is a very definitive statement from you. Can you cite proof that they are NOT short directly or indirectly? I cannot give you proof that they ARE short. Until someone comes up with substantiation, I think that Fairways has brought up a legitimate topic to discuss. It is legally possible (though not ethical) that management could be indirectly short the stock. And, IMHO, management has exhibited themselves as being somewhat beyond the "legitimate highwaymen" monicker that Bob has so colorfully characterized. The short interest numbers come out on December 26th for the period ending December 15th. I think that the numbers will be interesting. Interesting-huge, that is.

To: Mark Cox who wrote (1504)	12/18/1997 11:56:00 AM
From: Fairways9	Read Replies (1) \| Respond to of 3347

Mark, You wrote "If anyone could explain why they could be short and hold large long positions too, I'd be glad to hear it." If you had insider knowledge that your shares were overvalued but didn't want anybody to know you were selling, you could lock in your gains (hedge) by shorting shares that you hold long. I doubt that the insiders are doing this, but someone out there is shorting the stock in big numbers and I would love to know who it is. Also, the KLSE deal was legal but many of us believe it was unethical. Marc