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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Peter V who wrote (2748)3/12/1998 9:32:00 PM
From: Jumper  Respond to of 7041
 
Peter, the new paradigm in trash stocks as I see it...

...is to attract short sellers. Who else would buy the stock? Only an idiot or a short who has his shares called in or is forced to cover due to over leveraging account equity levels. (I am still learning this rule myself)

We all know from our experience here on these threads that a countless new supply of idiots arrive daily on the scene. Couple this with TA traders who will buy on an upswing regardless of fundamentals, some even mentioned a desire to do so today on Bills thread.

All these buyers combined do not provide enough support for large holders to unwind a position. The only exit strategy available as I see it is to attract shorts then 'convince' [(call shares) drive bid higher for no reason etc.,] enough to cover so they in buy the fund out of the position at an even higher price. This kind of horsesh*t does not take place in a company with a huge market cap because it would be impossible.

I have just posted similar comments to Pancho Villa on the Yahoo BFIT Board under my new ID JunkYardDogJr.

Good night and watch out for dirty crooks!

Happy Trading- Jump