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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (7871)	4/26/1998 3:29:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 18691

Your stuck when you can in no way get out below what you shorted at..any body tells you he shorted when she hit the 40s is pulling your leg, no one but the Market Makers and fly by night brokers shorted her up there, from the min you go in shorting they got you when you do go to cover you get shares they short to you. only way out is to lose your rear, some borrowed shares the market makers get right from the company..is the way the trap runs. The SEC ought to bring the hammer down on them, but there is so much of this going on I guess they consider it small potatoes, any one that would make market knowing it's shorted way past it's float ought to have to rot in jail. Some of the poor mis-lead newbies get sapped and then hope aginst hope they can some how get even and they dredge up more money and jump back in , in desperation..and get sapped again over and over till they are busted. This is pure criminal no matter what face you put on it or what guise it goes under. And no you can't always buy back..the broker will buy you in any time he sees you hit your margin limit, at that point you account is cleaned out. Just think of the ones who jumped on her short at 6 because of some hype and got bought in at above 40.. and when a stock does this, stops don't mean anything except you will get bought in likely at the high of the day. You see a stock trading 6times or better than the shares it has out and suggest it to be a good short makes me wonder if you really looked at this one. Jim