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To: Pugs who wrote (2831)	5/15/1998 7:43:00 PM
From: douglas hicks	Read Replies (1) \| Respond to of 6528

All I want to no is where is the news???????????

To: Pugs who wrote (2831)	5/15/1998 8:49:00 PM
From: TraderGreg	Read Replies (2) \| Respond to of 6528

Yeah, that kind of resolve is a rare thing...and the galling thing is the shorters had the nerve to sue the longs. But you ask why a shorter shorts at 3 friggin cents. Simple. For the same reason we buy at 3 friggin cents...name of the game is Rate of Return. A one cent drop from 3 is 33%. Of course, unlike longs, shorters can't make more than 100%. There's also another reason shorters keep shorting. Every now and then they can short a company into oblivion or a 1 for gazillion reverse. If successful they can generate an interesting result...never having to cover. And when you never have to cover, you have an open position and thus a Non-taxable event!! So while they can never make more than 100%, every now and then they can make it 100% net. Nevertheless, I'll never understand this extreme level of shorting. I mean even the most optimistic of us have thought of shorting an AOL or Yahoo after a major run. But to short a stock that's already beaten way down? Steel kahones. TG