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To: R.E.B. who wrote (6774)6/9/1998 11:36:00 AM
From: Ice Cube  Read Replies (4) | Respond to of 8242
 
I am not reffering to the MM's. I am reffering to certain people that short these deals for a living, and do it offshore. There is an old saying - the one screwing you is the closest one to you. Most of the MM's that short these deals WILL NOT short over 50,000 shares. I know this for a fact, since I know traders at several of these firms. They can be directed by a "client" to trade a certain way, but they can't put their firm at risk with higher exposure. Also, this stock found it's high when the Fiero Brothers came in. They have a rumored 60 million to work with, and over 90% of the time, they short. In fact, they are in serious trouble with the SEC because of the way they operate. Follow the money, and see if the company has received any money over the last two months. This stock is still valued at current levels at over 70 million market cap, that's why it is going down. It's simply a BB company that is not reporting, no revenues, etc.... You cannot justify this market cap, and the MM's know it. Look back to other stocks, after they run they get slammed. Why? hype stops, buying stops and reality sets in. IF you felt this company was worth the high prices, you made a mistake. That's all. This stock WILL NOT return to previous levels until they become a reporting company. If the company thinks they can grow and be successfull without being a reporting co., they are wrong. Period.