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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: TopCat who wrote (48049)	6/13/1998 3:36:00 PM
From: Riley G	Read Replies (1) \| Respond to of 55532

Read the original message and see how much of a typo it was. I believe that suspected person made several remakes in that post that were all untrue. Riley G

To: TopCat who wrote (48049)	6/13/1998 3:39:00 PM
From: Riley G	Read Replies (1) \| Respond to of 55532

Date: Sat, 13 Jun 1998 15:25:48 -0400 To: (Recipient list suppressed) From: Riley G Subject: Nicholas Darvas & E.L. Bruce Riley, Just thought you might be interested if you haven't read it before... in Nicholas Darvas' book "How I made $2,000,000 in the stock market" one of his big payoffs that got him to the $2MM was a purchase in a company called E.L. Bruce. He bought at around $50 and trading was halted soon after at $80. It seems that a group of shorters had determined through fundamental analysis that the stock wasn't worth anything over $30, so they started shorting it liek crazy. At the same time, another company was attempting a hostile takeover of the company and trying to buy up all the stock. The Amercian Stock Exchange halted the stock because they said it was no longer possible to maintain an orderly market. Soon after the halt, Darvas got a call from his broker with an offer to buy the shares over the counter for $100/shr. He declined the offer and sold his holdings a couple of months later in small blocks at an average of $171/shr. It seems the shorts kept bidding higher and higher prices as they attempted to cover. I guess if there is something to be learned from this it is that the stock doesn't even have to start trading again for people to get out profitably... in fact, I wonder if the trading halt might make it more difficult for the shorts to hide their position. BTW -- the book was great if you haven't read it! -John ---------------------------------------------------------------------------- To all, Know if everyone would follow the guidelines, we may be able to do the same thing. Those in complete name form should open a DLJ direct account and do nothing at the moment. Those with RMIL in street and IRA form should open a DLJ Direct account and transfer all your RMIL shares into that account. dljdirect.com Force that DTC accounting of the shares! Riley G

To: TopCat who wrote (48049)	6/13/1998 8:38:00 PM
From: Pugs	Read Replies (1) \| Respond to of 55532

If it were a typo, he wouldn't have posted it on another thread a day later. If you have any problems with me TC, please address it thru PM's or EMail. TIA Pugs