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Microcap & Penny Stocks : Amazon Natural (AZNT) -- Ignore unavailable to you. Want to Upgrade?


To: KCsunshine who wrote (2018)8/27/1998 12:22:00 AM
From: bmart  Read Replies (2) | Respond to of 26163
 
Mr. Sunshine,
I offer you this;

Message 5599428

Good Evening

RB



To: KCsunshine who wrote (2018)8/27/1998 12:23:00 AM
From: Jeffrey S. Mitchell  Respond to of 26163
 
Well, I could tell you the real reason, but, in the words of BMart, why do you expect me to do DD for you? I and others have given you the necessary clues, and you seem like a smart fellow, so I'm sure you'll figure it out.

- Jeff



To: KCsunshine who wrote (2018)8/27/1998 9:01:00 AM
From: s martin  Read Replies (2) | Respond to of 26163
 
I think as Jeffery Mitchell said, you really don't get around much.....what is happening with the price of AZNT, happens everyday in the market. Wireless Wonk has given you the explanation of what takes place time and again in the penny market.

>>Why is all I am seeking?<<

To: +KCsunshine (1988 )
From: +wireless_wonk Thursday, Aug 27 1998 12:14AM ET
Reply # of 2048

KCsunshine:

Let all those who can offer an explanation of how a stock went up 400% with such low volume happened?

How about this as a theory -- just a theory mind you.

Assume insider's control the vast amount of shares of a company. Assume also that most of those insider shares are unrestricted. At some time in the past, preferably at the market peak, insiders start selling short small amounts of shares into the float. Since the short is "covered" they have no problem with margin requirements. When the stock begins to bottom, they start to cover. This takes time to do without seriously impacting the share price. Once the large portion of the short is covered, a pump campaign is started, the remaining short position being covered with market orders. Those market orders, in combination with the pump, drive the stock price significantly up -- for a few days. As the pump begins to lose steam, the covered shorting begins all over again. The net result is that those holding shares have the same profit -- except for commissions -- that they would have had if they had sold the same amount of shares at the peak and they still own the shares.

Again, just a theory.

ww