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To: TraderGreg who wrote (2830)5/15/1998 7:04:00 PM
From: Pugs  Read Replies (2) | Respond to of 6528
 
TG,
Your last post was a good one, not only are the shortsellers 'ballsy', they are an arrogant lot, because, you're right, investors get nervous and it's very easy for these guys to shake shares. A group like the shareholders of RMIL come along rarely, and even showing that kind of resolve, it's still an endless , bloody war.
I believe that , even with the high volume and lack of sells, the MM's are keeping the price down with limit orders. Once the Market orders start coming in, the price will fly fueled with strong releases. This isn't a $.03 stock being shorted, it was shorted from $.30, you'd think some covering would happen soon, but that 'arrogance' thing, y'know?

Pugs