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Gold/Mining/Energy : first star energy FST on the ASE -- Ignore unavailable to you. Want to Upgrade?


To: Jason Krueger who wrote (144)4/24/1998 10:06:00 AM
From: grayhairs  Read Replies (3) | Respond to of 754
 
Hi Jason,

Whoever did the financing for FST is probably the house that's doing the shorting. (With a ton of in the money warrants out, it makes it tough to be long FST now.)

Later
grayhairs



To: Jason Krueger who wrote (144)4/24/1998 10:07:00 AM
From: Flea  Respond to of 754
 
When would they have been shorting? I show both houses as net buyers the last couple of days.



To: Jason Krueger who wrote (144)4/24/1998 10:08:00 AM
From: Buckey  Read Replies (1) | Respond to of 754
 
We can only guess at the who and the size of the position as we all know. If there is a nice sized short position then that perpetuates the upward momentum as the buyers want the staock and at the same time the shorters are buying to cover.

I turly love it when they have to cover. I do not like it when they are creating teh position

It is highly unregulated and IMO should be completly outlawed - another debate for another time. ( not to say I would not do it - I just do not agree with it)