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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (2249)	5/19/1998 3:26:00 PM
From: Dave V	Read Replies (1) \| Respond to of 9440

Can you please explain why? (eom)

To: Ga Bard who wrote (2249)	5/19/1998 9:58:00 PM
From: Nescom	Read Replies (1) \| Respond to of 9440

BLHG a maker on the run, this is the thing I live for folks. Only on the OTC can makers regularly mess with the investors by short selling a stock. You see thats how they make real money. They put stock out at $$ dollars that they don't have the certs for and then later when inevitably things quiet down the stock will go south in price. Thats when the MM can cover at his leisure his short position. Well every once in a while a Maker will get caught by the short and curlies. He clambers at the door of the company looking to buy stock to cover his short position because buying through the open market will drive the price up. Thats been the case with BLHG a maker tried to buy from the company 100K shares of stock at .50 but low and behold the company wasn't selling this week. LOL LOL The maker had to cover all or some of his position today through the open market. That is the reason for the large share blocks hitting the ask. Its not often I get to witness this kind of event. I'm not going to start calling a short squeeze here. However, I will make a call based on this behavior. People there are strong rumors of news and good news at that. Even the makers know it is going to happen and its not a one time gig either. There are more than one news releases coming. I am looking forward to tomorrow and next week. Nescom out- (Got my popcorn and propped up my boots. I'm looking forward to the show.) P.S. Howdy Gabard! Thought I would mosey through your neck of the woods.