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Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (6894)12/3/1998 7:50:00 PM
From: DAVID C. DeANGELIS  Read Replies (2) | Respond to of 7054
 
Well that was certainly not ACRT buying shares back

there's no way ACRT or any other co. would execute a share buyback in a panic like bout of trading while chasing the price up.

This is clearly the START of a rush to cover the huge short position out there

Todays run (20 MIN) came as the NASDAQ fell 30+ points & the DOW fell 110

The trading was in TOTAL DISREGARD for market conditions

The frenzied trading running the price up 4 + points in 15 MIN was of the "buy as fast as you can regardless of the price" type that is triggered by the start of a CLASSIC short squeeze or some other factor such as HUGE news or a BUYOUT

Huge news = $25

BUYOUT = $22 (guess)

Net TAD = $25+

Either of these inconjunction with covering 1.6 MM shares short
$50+ could happen REAL FAST

We will see tomorrow or Monday, who knows maybe ACRT has a 3 page article in BARRONS this weekend touting it as the most innovative financing co. today

DCDEAN