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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?


To: Sidney Reilly who wrote (4378)8/23/1998 12:27:00 PM
From: Sidney Reilly  Read Replies (1) | Respond to of 4736
 
What appeared to be buying the last few days of last week could actually be the shorters finally covering their illegal short positions. On the subject of illegal shorting, why would a company sit on good news? Unless maybe a company official IS INVOLVED IN THE ILLEGAL SHORTING OF THEIR OWN STOCK. Then it would make sense to hide any good thing behind a cloak of secrecy. Remember that it was Paul E. who was looking into the problem of namx being shorted. He told several of us that it was happening. Maybe Paul E. was too good at his job and was uncovering something that some others wanted kept quiet. When Paul was there at least the stock was showing some life. After his departure the stock fell to it's present (pre-split) 1/2 cent level. So the shorters shorted down from around .22 to 1/2 cent and covered. Not bad to have a short position on a 97% drop in a stocks price. That should be worth a bundle. It's our money that was illegally taken.