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Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?


To: TraderGreg who wrote (4531)6/29/1998 11:18:00 AM
From: PACKRATCAT  Read Replies (2) | Respond to of 4783
 
Hello Greg,

If there is no short position how do you explain the high volume and little movement in this stock over the last few months. I would love anyone to try and answer that question. Again, good news and little movement.

Matthew



To: TraderGreg who wrote (4531)6/29/1998 12:19:00 PM
From: Patricia Trinchero  Respond to of 4783
 
The short position may or may not be there. I think that it's dangerous to have bought this stock solely for a squeeze!

I also think that they will have an additional 30 days to cover IF there is a large short. If the cusip(?) number changes, then all shorts have to be covered and they can apply for a 30 day extention in order to do so. We just went through a name change on the MTEI thread and according to info from that thread, shorts must cover only if the cusip # changes as well as the symbol.

Again, I did not buy this stock only for a squeeze. PKGP seems to be redefining itself nicely.

Pat T.