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To: Joe Copia who wrote (63)	4/14/1998 6:01:00 PM
From: makin_dough99	Read Replies (1) \| Respond to of 156

Thanks Joe - Why didn't I think of that - how do you know?

To: Joe Copia who wrote (63)	4/15/1998 12:46:00 AM
From: Neurogenesis	Read Replies (3) \| Respond to of 156

What is all this talk of shorting? Granted, it's nice to think that the only sellers of one's favorite stock are shorts, and further that all of those shorts are (of course) wrong. Unfortunately, those who short stocks are generally MORE sophisticated than the average long investor. That is especially true when dealing with lower priced securities. How many people begin their investing career by choosing stocks to short? Also, the margin requirements make shorting low priced stocks a very expensive venture. If in fact it is the shorts that are accounting for the volume, I would run for the hills. They probably (almost for sure) know more than you. And yes, I do know the theory about large short positions, and it does work that way, once in a while, if in fact there is not a lot of stock available and the Company surprises the market with some REALLY GOOD NEWS. But, I don't believe the sales represent new shorts (shorts would more likely be covering now anyway). This is the second wave of selling. The first wave was those who bought low, promoted the stock, and got out. This, the second wave, is made up of those who bought high, off the promoter's promotion, now realize that they were suckered, and are getting out. What generally follows the second wave is a long period of relative stagnation, except that the stock gradually drifts lower and never comes out of the doldrums. Volume dries up, the promoters have moved on, the last die hards either take their lumps and move on or go down with the ship, and the game is over. (The previous is the general scenario; it may or may not apply to this stock). Most people lose money in the stock market because they cannot look at things objectively.