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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI -- Ignore unavailable to you. Want to Upgrade?

To: Manfred who wrote (1987)	5/3/1998 10:27:00 AM
From: paul boudreau	Respond to of 5736

Here's a good post from the Yahoo board: Bottom of the 9th bigtwxman May 2 1998 10:15PM EDT What is very sad is that there is indeed corruption in our market place. Scams do exist and I have even fell victim to one previously. But CCSI is no scam. Shorts at this point have only the scam theory to hang on to. What is a shame is that these same shorts could have prospered with CCSI and not suffered because unlike the other 95% or more of the investment community they know about CCSI today. The future is tomorrow, but we are here today. It would be twice as sad to be on the wrong side of this one. Most shorts are down money, not up at this point. I have it on good authority that the shorting was fierce the last two days. You have to ask yourself what longs are selling now? There are no margin calls for the longs as the stock goes up, so the sellers have to be a fair amount of shorted shares. In fact, the volume on the sell side late Friday (before the Siedman news) looked like heavy short selling trying to break the $16 level. On Friday the market makers took several big blocks of shares around $16, and then the stock gapped up right at the close. Think the MMs are accumulating from the shorts? Great timing on the release. A 5-minute chart of CCSI looks GRIM at best for the shorts on the opening Monday. This accounting firm news was something the shorts could spin last week...and they did. But this issue was promptly resolved and in a most positive way. You shorts have enormous problems and you better realize it right now and cover in the 20s and not in the 30s. Based on the last few weeks of trading I estimate the short interest is now approaching nearly 3.0 million shares. I'm in this for the LONG haul, but I believe the next few weeks are going to be nothing short of amazing. For 3.0 million shares to be covered, 6.0 million shares has to cross the tape. Once the news breaks institutions buying blocks of 50k or 100k will be quick to act knowing how this thing is going to run. Longs knowing the distribution deal is only step one, not "pump and dump" time will buy more. Where are these shares going to come from when the demand sets in and the shorts panic? There are less than 5.0 million shares that are not tightly held. Can any longs think of anything else newswise we should hear before the distribution deal? Seems it is all in place now. Time to sit back and relax and let this thing play out. Batter up