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Microcap & Penny Stocks : RHOMBIC CORP.(NUKE.Nasdaq BB) Daimler Benz Aerospace JV -- Ignore unavailable to you. Want to Upgrade?


To: musicguy who wrote (377)6/3/1998 7:44:00 AM
From: xbrent  Respond to of 1364
 
The whole short position on pennys mystifes me. I think that their strategy is to blackmail the company. In other words we have X shorts which are holding your shares down, sell us X shares at Y price,lower than market price, we are then covered, we have our profit and then go away. This has happened and the Company,Rhombic, told them to buzz off. If I were a short I would be covering right now, thats the part I don't understand. The shorts have no more information than we have.
I do think that next week will be a big week for NUKE. I guess it is a game of chicken. I wish I had a better explanation. It is kind of like a scene in the movie Grease where the two cars play chicken and one goes off a cliff. I am rooting for it to be the shorts who crash and burn.