To: Gator who wrote (5836 ) 6/25/1998 8:46:00 PM From: PitBull Read Replies (1) | Respond to of 8798
There is a confirmed short in BAOA & recent news: Great news guys. Just got off the phone with Joe at BAOA and he said that there is a "huge short", position going on. He said one mm company named Nite Securities, out of New Jersey has admitted being short! They are a wholesale mm company. The only way to beat the shorts is to have additional buying which would "cause the shorts to scramble and cover". Joe said that the mm's are holding the price down trying to attract investors of BAOA to SELL, so that they (the mm's) WIN. He said that if there is more buying, the short mm's will cover and not come back and go on to their next gig. He said that BAOA also needs some retail mm support and as I write this he has already arranged several meetings over the next week or so, to gain the retail mm's, so these shorting wholesale mm's leave for GOOD. So THAT combined with more buying will make all BAOA investors WIN in both the short term and the long term. Wholesalers have been trading between themselves to make the stock price go down. Joe KNOWS, as BAOA investors know, that in the past few days there has been MUCH more buying than selling and the price should be UP, not down. So, folks, you KNOW what this means, do NOT sell.Remember, this is not a guess that mm's are short, this has been admitted by some of the mm's themselves. Individual investors cannot legally short BB stocks, but the mm's CAN. But you, as an investor can not only stop them, but make them PAY for it. ********** Wednesday June 24, 8:05 am Eastern Time Company Press Release BAOA Communications Receives a $79 Million Purchase Order for Telemarketing Services read the full press release at yahoo news I also posted extensive DD on BAOA this past Saturday This is a long term penny company that is a turn-around story with recent big contracts and will be generating revenue next quarter.