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To: Sandy W who wrote (203)7/20/1998 2:01:00 AM
From: simarx  Read Replies (1) | Respond to of 27722
 
You are not going to find any restricted stock. That was just a pump and dump technique gone wrong. The volume was not stronger than the run to 10 as someone else stated. But there definetly was a lot of selling after the initial run to 7.

The stock closed well below its high for the day so after the pop, it came down. No doubt there was Broadcast sympathy buying. But, can it sustain momentum it did not close with. When the DD is done, will people really want to be long with all that paper over-hanging?

My biggest problem with this stock is its heavy dilution and expected further dilution. However, in the current climate I cannot recommend that unexperienced people short. There is too much exuberance, and prices are unpredictable. I'll have to watch this one closely to make sure I don't get burned.