To: Wayne J. who wrote (4156 ) 12/20/1998 1:39:00 AM From: jmhollen Read Replies (1) | Respond to of 9824
That's pretty close to the way it's done. Having either inside or friend-of-a-friend knowledge about "things to come" or unreleased financials (CPA brother-in-law, etc.), and an understanding of year end cycles lets someone with that knowledge play some pretty effective games coming up on the New Year. When you can glom roughly 100K shares for a grand, and you do so every other week - what you suggest provides a huge power play when the "good news" surfaces in mid-Jan/Feb. $3-6K can net you a new Vette at a bid price of $0.10. Bash-&-buy, bash-&-buy, and then take a week off for Vegas after a stop by the Chevy shop. It sucks, but it works; especially for those who don't give a flying-Clinton for the future of the company. Of course, selling a big block now and then, and re-buying in moderate chunks helps move the process along; in coordination with not-so-good or delayed news. The killer is when you can get 3-10 guys together, and do this as a concerted effort. "The attack of the Day Traders" can make it look like a company is really taking off; then they short the ***t out of it and sell en masse to get the ball headed down. AGTI is a victim of this same ***t, and, unfortunately, it's just part of the game - until the stock price is high enough to preclude making the numbers work for the manipulators. Like going to the Riverboat, if you think you have a "winnah" only spend as much as you can afford to "throw in the river" without getting a case of the terminal whinies! John :-) ps: If you want a couple of dependable climbers, look at CAGI, KRHC and perhaps MDMI on the low end.