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To: marginmike who wrote (15028)9/15/1998 4:49:00 PM
From: Gregg Powers  Respond to of 152472
 
I disagree somewhat...

For the last week there has been a very persistent seller; either a natural seller with a lot of stock or a short-seller. We've seen consistent, staggered offers on Instinet. The stock has been trying to lift for a week, but this/these seller/sellers have whacked her back down each time.

Although the offers seemed to dry up today, I think buyers were hesitant because we kept expecting the seller to show up with another stack of stock certificates. I REALLY hope the recent seller was a Short. The Shorts have put us through hell for the last nine months and I am eagerly looking forward to payback time.

Best regards,

Gregg