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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI -- Ignore unavailable to you. Want to Upgrade?


To: Manfred who wrote (2511)6/9/1998 4:06:00 AM
From: Bill Wexler  Read Replies (1) | Respond to of 5736
 
<<The shorts HAVE to cover>>

Why?

<<But I admit that this planned short attack is impressive.>>

Hate to break this to you, but it looks like much of the short interest was building before the last few days. The reason the stock price has declined has been due to massive amounts of selling by individuals and institutions. The reason they are selling is because the fraud is unraveling.

BTW, contrary to popular notions about "short squeezes", stocks with large short interest tend to underperform the market.

<<I will buy more.>>

I have always said that there needs to be a sucker on the other end of the transaction. Simply throwing more money down the toilet isn't going to solve your problems. My advice is to stop investing in pump and dump frauds like CCSI and consider buying stocks with good management, revenues and earnings.