To: Mark B. Martell, CCM who wrote (2733 ) 9/6/1998 9:45:00 AM From: Chopper One Read Replies (1) | Respond to of 4230
Mark Martell, we could argue this until we are blue in the face. I still feel a violent squeeze will not help the everyday investor. I once participated in a short violent upsurge on a stock that I had bought at $5.00 and had 10k shares of. In a matter of few days it went from 5 up to 13 and then a meteoric rise up to the top of $44.00. I felt this was the top so I placed a market sell order immediately with my broker. It took him 1 1/2 hours to execute the order, because of the volatility, and when he did, it was at $32.00, needless to say, I left 120K on the table. Would I like a tender offer, yes, that would give everyone an equal chance. Most all of our fellow investors on this board and on Yahoo work during the day and do not have the luxury of sitting in front of the computer all day watching their stock like a hawk, with their finger on the sell button. I would also like to see these cretins who have shorted our stock punished, but in a way that they will remember for life, in the pocketbook probably with a tender offer. Sure it would be rewarding for us to see them squirm with a violent upheaval, but only a few will benefit from the "top price". Its just not that easy to either get on or off a runaway train. Without Cardshark's knowledge or permission, I have pasted one of his posts from Yahoo for you to read, you will find it interesting. As a last note on a long winded post, we had a very strong following on Yahoo on the other company I spoke of. We all intended to stay long on the company for a long time, it had good fundamentals. After the squeeze, everyone got off the boat and to my knowledge there are no original posters left. Since then the stock has gone down to $4.00, where it has stayed for a couple of years. Here is Cards post: Message 29686 halfcreek1--If what we all think has happened here... cardshark_1999 Sep 5 1998 12:03PM EDT is only half true, it would make this the biggest short that I have ever seen. This is definately outside the envelope of any rational estimate. But do remember one thing, probably only one or two people will score the top price sale. So all I can say is that just like the smartest way to buy this stock over the last six months has been using multiple purchases (I used about 36), I would suggest you consider selling out of some or all of you position the same way, at different levels