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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (16997)	4/21/1998 1:52:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Tippet; I know TWO of those Stocks , there is a wildass short squeeze going on in both KTEL and MARG..the fact that they mentioned the internet is cover. Now the shorts are doing inside fighting and tearing at one another trying to get out of the trap they walked into..this is a real dilly. Start with KTEL..there is only 900K float..yet volume is runing 5M ..how does this happen ? Well you can not borrow KTEL stock to short.. but there are unscrupulous brokers who will let you short if you tell them you have the stock..you get 3 days to produce it..can then get two extentions in time ( up to 30 days ) so via a back door you can short a stock that you can't borrow..the whole thing is set up with small float stocks..maybe they start off letting people borrow..then the major owners get together and in one swoop take their shares out of margin accounts into cash accounts ..( that calls in any lent out stock )..and the ones short get three days to produce the stock..the price flys up, more shorts short jumping in by telling the little white lie , not knowing they are walking into a trap. -------------------- Both MARG and KTEL ...were short traps.. What is that third one you see ? I'll go look at the float.. vs the volume..it's easy enough to tell. ----------------------- I keep telling shorts they are running up the market it's not the so much the bulls, it's shorts that are short in the brain department that are being forced to buy at very high prices the stuff they sold that they didn't own. Most of them get took and realize what happened to late, and are to embarassed to ever admit it so you don't hear much from them. Stop buys don't always work at the price you set..you get bought in OK but often at much higher prices.. I can't count the times I'v said, catching a falling knife is childs play compared to calling a top or shorting.. KTEL was just 7 dollars last week..I know it's hit 48 at least once.. ------------------------- Both of thoes stocks ought to be halted..every broker that allowed some poor mullet to short who did not have the shares and or could not guarantee the availabilty of the shares needs to be held fully accountable..but the SEC won't do that..they just make a parody out of holding the racketeers in place, with a few hand slaps given out from time to time and some token fines..but in reality the upper circle of the SEC is in the pocket of the Brokers. ---------------- The way this gets setup with entrapment and preying on the hopes of some new investors with out making sure they understand is criminal in nature..it's like thoes people who give kids candy on halloween and hide razor blades and such in the candy, they know full well what they are doing..and how they are exploiting the more ignorant by appealing to the innocent hopes of a better life that we all hope for. ------------------- This is not just a sin..it's about the lowest form of criminal activity there is, & pulled off by educated people who have gone to extrems to see that no laws are passed against it. They are lower in their base nature the the drug pushers, but they wrap themselves up in respectable guise and prance around with a selfrigtious attitude. -------------------- They whole system is a ponzi scam, what can you expect from it's administrators ? Jim