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To: Pendretti who wrote (961)4/30/1998 12:23:00 AM
From: flightlessbird  Respond to of 4230
 
Pendretti: The company has bought back 300k shares and will only continue to buy back on dips. Over time this will hurt the shorts. The analogy is when you split a rock. You hammer it 100 times and it doesn't break. Then on hit #101, it cracks in half. Before #101, it was one piece. After, it is two. That is the same with a short position. TGSK keeps hammering and eventually it will break. But TGSK doesn't want to exert the energey (i.e., the cash or debt) to hit the rock 300 times when it knows it will break at some point. If it takes 300 hits, TGSK will do it. But it still believes it can score a victory on hit #101. I'd say, it's at about hit #92 or 93 right now. I do not think the company is waiting because they want to profit off of this, that is for sure. I believe the company wants this stock price up as quickly as possible to get them off the damn bb and onto the Naz small cap. THAT is in their best financial interest. Hope that helps.