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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Harrington who wrote (3872)	11/12/1998 10:10:00 AM
From: ISOMAN	Read Replies (3) \| Respond to of 9824

More just a supply demand thing. They have a buyer on the line for stock, but no seller, so they naked short the shares to fill the order (and earn the future spread hopefully) Then when a seller comes along they buy those shares to cover their short position. It can backfire on them just as easily as it can make them money. I agree that too many people paint pictures of evil shorters sitting around a bar table in some carribean island, shorting stocks all over the place. One name to watch for in these stocks is Thomas Kernagan. Thomas lives in Canada, but operatates out of the Bahamas. He is a crook. He lends money to troubled companies, in the form of floorless debentures, then shorts the hell out of the stock. He is always in court for doing this. Two of his most recent victims are AGTI and APTX. APTX is, in fact sueing Kern. They were forced into chapter 7 because of him, and at one time aptx traded on the Nasdaq. If you see his name show up in edgar files, run screaming. Kernagan is not involved with TNRG.