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Technology Stocks : MVSI - AN UNDISCOVERED GEM -- Ignore unavailable to you. Want to Upgrade?


To: Allan F who wrote (521)9/11/1998 11:21:00 PM
From: Allan F  Read Replies (1) | Respond to of 627
 
Anyone have an idea what would happen if the price were to drop below 6 1/8?

Well, there you have it. MVSI itself was the $6.125 buyer. When they stopped buying, and then announced they stopped the buying the race to the exits really started.

I have learned two things, short stocks that have warrant calls in the neighborhood of 50% of the float. And short stocks whose market price is clearly being supported by the company's own treasury.

The one red flag, the sole reason I never did short this puppy was the insider buying. Maybe that was the reason the company tried so hard to support the stock.

Live and Learn,
-Allan