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Microcap & Penny Stocks : Global Intellicom--Symbol GBIT -- Ignore unavailable to you. Want to Upgrade?

To: Ron Harvey who wrote (760)	8/28/1998 1:41:00 PM
From: John Fairbanks	Respond to of 1096

I agree with you completely on the shorting thing. Although real short squeezes do of course exist, far too often it is used to justify a decline in stock price on a company with very sick fundamentals, or to try and prop the price while the people "in the know" get their money out. I suspect that the dramatic decrease in short position in August is likely due to a second profitable quarter in a row making this an undesireable shorting candidate... although I must say I have seen a lot of selling pressure over the last several days that I am hoping (there's that word again) is due to the general market decline. I know personally I've heavily weighted my portfolio towards stocks that are VERY profitable comapanies with extremely long performance track records, and that I feel are undervalued -- I suspect these will weather the market the best. Anyway, I don't own a ton of it, but I do think GBIT has a chance to easily return back to the 1.20 range once the shakeup is over. BTW, I appreciate your comments with regards to TGSK... I bailed on hearing that Collin had pulled a Clinton -- I don't like being lied to, and trying to avoid questions about ones personal life is no excuse -- that's what pleading the 5th is for... :-)