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To: Just My Opinion who wrote (9231)10/23/1998 9:23:00 AM
From: LaShark  Read Replies (1) | Respond to of 26163
 
Anytime someone suggests calling certs, certain people, and btw they are always the same people, will shout you down.

I agree.

What I think I am asking is: When is a short forced to cover?



To: Just My Opinion who wrote (9231)10/23/1998 11:14:00 AM
From: Janice Shell  Respond to of 26163
 
The ones that have worked ktel, resorts int'l, presstek, iom, were done by the pros.

I was long IOMG at the time of the squeeze. The company never asked, or even suggested, that people call in their certs. It was simply a spontaneous squeeze, and that's why it was "successful". Though we all know what happened next. PRST had a very small float to begin with, but again, as far as I recall shareholders were not encouraged to call for their certificates.

The BB's have these "mini" squeezes, I believe, but then either the company breaks it too soon by issueing shares, or the hamburger players break it by taking what they consider enough money, and that is usually a dollar or two.

You're forgetting one other possibility: the insiders who orchestrated the squeeze sell into it. Ordinary investors are unable to do this because their certs are in transit. 45 days, Sylver says...