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To: StandFast who wrote (4192)	6/25/1998 10:30:00 AM
From: TraderGreg	Respond to of 4783

Well, I think if the shorters could keep the stock low, or depress it further, then any increase in demand in the future would cause some frustrated investors to get out at much lower prices than they otherwise would have, thereby permitting shorters to cover at lower prices. One additional word, there won't be carnage to longs. If I buy shares from a naked shorter, I am still the legitimate holder of that stock. (This ain't like buying hot jewelry from a thief folks). It is the shorters responsibility to deliver legit shares to his broker who then delivers them to my broker or the TA. I think alot of us are not aware of this very important point. If a shorter doesn't deliver the cover, then his brokerage may give him some time extension, stall, etc, but, ultimately, they must deliver. His account will be liquidated and if that isn't enough, his brokerage will have to fill the gap. If his brokerage goes under, SIPC comes in. Personally, I think the short position has been a bit overblown and still believe that the run up to .13 produced most of the covering that needed to happen(JMHO) TG