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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?


To: the Chief who wrote (982)3/16/1998 8:16:00 PM
From: Sam  Read Replies (1) | Respond to of 8117
 
That is what I think to cheif ,we probably own all the shares ,and if the houses want them now they are going to have to start bidding ,,big time to get mine,,,
sam



To: the Chief who wrote (982)3/16/1998 9:42:00 PM
From: doug  Respond to of 8117
 
I agree Chief - this is not a classic short play.

However, I must clarify statements regarding the <published> short position. Uncovered shorts MUST be declared by the brokerage firm, while covered (if the brokerage has clients shares "in trust") shorts MAY be reported. The reported short position in Can newspapers is almost meaningless as the uncovered position is always less than the covered position.

As I have posted earlier there are only 2 firms in the last month with a sizable negative balance. You can rest assured that Canaccord & Yorkton were not shorting this stock at 1.35, so starting from this point if ALL sales from these firms were shorts, in the last month we would still be at only a few hundred thou. Not a large short position!

I don't buy the short argument. If the price dips early on in trading tomorrow it's only because of naive investors who were in for a few days, got worried and left.

Regards.



To: the Chief who wrote (982)3/16/1998 10:33:00 PM
From: Jim S  Read Replies (2) | Respond to of 8117
 
This Stock will skyrocket!!
REASON: Supply and demand.
For an average investor like me and holding 3000 shares it only takes 999 similar investors to take up 3,000,000 of the shares outstanding.
This amount is almost everything that's accessible out there.
With all the publicity Pyng had recently (and more to come) I am sure there will be a lot more of long term players like me.
Consequently we can safely say that because of the scarcity and high demand (no doubt), price will.................E=mc2
I don't want to think of it.
Jim S