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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?


To: JEB who wrote (18416)11/29/1998 10:47:00 PM
From: Mr. Park  Read Replies (1) | Respond to of 119973
 
Everyone expects a pullback of NAVR but the market makers could kill the shorts and make more money by going long. The supposed pullback will have many shorters and investors waiting on the sidelines for a better price. If someone with major $ decided to buy the shares at the beginning of the dip then all the shorts and lurkers will jump in in fear of missing the boat. The MM's that were short would cover and consequently go long. I think this was the case with BAMM. Covering at 18 and then going long at 18 would be easy money selling into the buyers at 30+

IMHO