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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Wise who wrote (987)	2/25/1998 10:25:00 PM
From: R. M. Rosenthal	Respond to of 18998

If a hypothetical company had: >>Shares Authorized: 50,000,000 Shares Outstanding: 3,650,079 Estimated Float: 532,000<< With such a small float, hypothetically, would it be possible for a hypothetical scam outfit to launch a hot air balloon powered by a "magical device." Not with the object of luring buyers-- but shorts? Or maybe a few big shorts in particular? A strategic campaign to entice, complete with highly critical national piece laughingly decrying the company's credibility. Shorts zoom in. Eventually get clobbered by "Insider" squeeze. Could anything ever go down like that, hypothetically? RMR (All of the above, assuming the scammers are crooks who plan to run for it when the time comes...)