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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Hall who wrote (8554)	11/14/1998 9:49:00 AM
From: Zeev Hed	Read Replies (3) \| Respond to of 14226

Tim, assuming that indeed there are people shorting, they would use these intermittent rallies (we had one going to $.37 just recently) and cover at through. Let say our shorter shorted at $.5 a month or two ago. He had to put up only $.25, he covered at let say, $.25 two weeks ago, thus doubling his money and causing a nice rally to $.27, he now shorts at $.33 to $.35 and will cover again at let say, $.17, he doubles his money again. A new rally gets it to $.225, were he shorts again and then he covers at $.11 doubling his money once more, and if the company finally has to throw in the towel (which is probably what the shorters think is in the cards), he may not even cover any more but continue and short the stock into the ground. Of course, those shorters must have a pretty good pipe to the developments at GPGI to time their activities so perfectly, but on the other hand, with such relatively thin activity, the shorters themselves might have enough muscle to start rallies (by covering) and start declines (by heavy persistent selling). Zeev

To: Tim Hall who wrote (8554)	11/14/1998 7:24:00 PM
From: Richard Mazzarella	Read Replies (3) \| Respond to of 14226

Tim, I would guess that shorts are willing to bet on bring desert dirt companies to their knees. History suggests that the desert dirts can be brought close to zero with just a little effort. The shorts are very smart and use good logic to advance their objectives. How could you go wrong when you can get state governmental mining officials to say there are no significant metals in their state and actively work to advance that conjecture? Global is in a difficult situation, it must sell stock to fund operations. What better method to take a stock like that down than to sell it short, the demise then becomes self fulfilling. If they can't fund the operation, the stock suffers even more. IMO Global makes a strategic error in not having other funding methodology. Free trading warrants to current shareholders as dividends to provide funding could turn the tide for decline. When the shorts finally understand that funding isn't an issue, they'll then know that they can't "double dip" on pressuring the stock. Warrants would also create some PR for the company.