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


To: Jeffrey S. Mitchell who wrote (2678)8/30/1998 1:59:00 AM
From: Graystone  Respond to of 26163
 
Graystone, if Cavalry is correct, heheheh, I get it <g><eom>



To: Jeffrey S. Mitchell who wrote (2678)8/30/1998 2:13:00 AM
From: bmart  Respond to of 26163
 
Mr. Mitchell,
You can't assume JB OXFORD will be the MM, especially after these posts. When the buying starts you will know.

RB



To: Jeffrey S. Mitchell who wrote (2678)8/30/1998 9:41:00 AM
From: Lucky  Read Replies (1) | Respond to of 26163
 
>To all: What about you; what has to happen on Monday to convince you one way or another?<

Stock would have to close well above $2 on heavy vol(>200k).I might even cover myself and reshort at the top if this fairy tale squeeze was to come true.Funny thing is there is nothing to stop the shorts from covering and reshorting higher.That is why this squeeze theory can never work here.Naked shorts can short all day everyday without worrying about the stock being called in.
Actually I have a hard time believing this story but if it was true that some large short was being forced to cover I can guarantee you that he wouldn't be doing it on the open market and buying anyone's stock here.He would definitely end up cutting a deal directly with AZNT and probably get issued stock from treasury maybe at a small market premium as I suspect AZNT needs the funds.
Unfortunately it looks like those buying stock at these lofty levels will be left holding the bag here as another BB short squeeze tale dies out.

PS.I wouldn't be surprised to learn that those pumping this short squeeze story are actually MMs themselves in cohoots with AZNT.




To: Jeffrey S. Mitchell who wrote (2678)8/30/1998 10:02:00 AM
From: Lucky  Read Replies (1) | Respond to of 26163
 
Another way around this for the MM that needs to cover is he could just buy stock from his buddy MM through a Canadian brokerage that will go short naked.Now he has fulfilled his obligation under the alleged court ruling.The MMs can throw around this short position as long as they want between each other.AZNT would end up spending all their funds just on legal fees trying to keep up to the shorts.
It would be funny to see a block trade of say 500k go through Monday.Then you would know the MMs were just passing the short position around.