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Microcap & Penny Stocks : ProNetLink..(PNLK) -- Ignore unavailable to you. Want to Upgrade?

To: Ice Cube who wrote (6742)6/8/1998 10:55:00 PM
From: Malko  Read Replies (1) | Respond to of 8242
 
The link is the LA desk. CD is in Colorado.

If someone had so much paper to sell, why not sell it during the high prices and high volumes we witnessed a few weeks ago?

Somrthing does not make sense at all.

The float is proven to be 7.8 million shares.

There has been about 50 million shares traded over 6 weeks???

I know you have to divide volume by 2 or even 3. that gives at best 17 million shares.

We both know there IS a big short position on PNLK. CD has helped put off people and started a major selloff. Why? By coincidence at that moment, J.Alexander Securities offer aggressively the stock and are the leaders of the run down.

It makes you wonder?
Regards
Malko



To: Ice Cube who wrote (6742)6/9/1998 11:03:00 AM
From: R.E.B.  Read Replies (1) | Respond to of 8242
 
Don't need "paper" to sell short!

MMs don't need to actually borrow the stock in order to sell short. They can sell an unlimited number of shares, even in excess of the float. All they have to do is put up the capital and based on what I've seen, they are in great shape if they shorted from $3 to $7.


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