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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: KonKilo who wrote (161)5/22/1998 10:31:00 PM
From: Big Dog  Read Replies (1) | Respond to of 1729
 
Mainly rumors of buyouts or new financing. Sometimes they are true, but most of the time they are not.

Look at CREG. Company is bankrupt, but went from .01 / .03 to
.15 / 17 on Thursday on a rumor of new financing. Now, I don't know if it was true or not, but it sure ran up over 400%

BIG DOG



To: KonKilo who wrote (161)5/22/1998 11:41:00 PM
From: agent99  Read Replies (2) | Respond to of 1729
 
Bankrupt companies usually have large short positions. Bankruptcy pros often short stock against more senior securities as a hedge. They also take outright short positions when it becomes evident that the stocks will become worthless or close to worthless. As a result short squeezes are routine.


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