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To: Larry who wrote (1232)3/20/1998 4:22:00 PM
From: Zakattack  Read Replies (1) | Respond to of 5847
 
*** Important ***

To all: Just learned from my broker friend how some shares are still trickling into the market. It appears that the leak isn't intentional! Works like this: some of our slightly inexperienced investors have sell stops (or safeties) placed on their shares. If the stock reaches a certain price level on the way down, the safety kick in and the sell is automatic. Therefore, in a disparate effort by the short MMs to shake out more shares, they scan the stops, drop the price, invoke the sale, pick them up and go. To confirm what I just said, I would like to challenge those who had un-intentional sells to come forth and lets us know.

To those who fall in that category: It is very important on the other hand, of course everyone is entitled to their own strategy, that those sell stops are either raised or perhaps temporarily suspended while we try do this. Again, you have every right to do what makes you feel comfortable. I just wanted to point out the "tiny" leak we have in our plan.

Regards,
Z