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To: robert duke who wrote (2916)9/22/1998 5:22:00 PM
From: Leroyt  Respond to of 4230
 
If there is anyone on this thread who is interested in PM'ing me regarding short squeezes and how to get rigorous analysis of this situation. The stock that appears to have been shorted to death is BNEZ. It went from 1.70 to 0.10, then 12:1 reverse split and back down to 0.15. It's on the rise now with major product completions and sales to begin shortly. The float is (theortically) about 2 million shares and, yet, in the last three days there has been a nearly 1 million share imbalance (more buys at ask then all other trades combined) which has sent the stock up but not as much as one might think. It was probably heavily shorted already to have driven the price down to the levels their at. BNEZ has a current lawsuit against AOL for misquoting their price on their service which started the huge downslide.

If there is anyone on this thread knowledgeable in these matters and would like to discuss them with me, I would appreciate your advice.

thanks and later, leroyt