Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Primestar/TCI Satellite (TSATA) -- Ignore unavailable to you. Want to Upgrade?

To: Jim S who wrote (229)	1/22/1999 12:34:00 PM
From: Hot Air	Read Replies (1) \| Respond to of 442

I also lost around the region of $1/share The same question bothers me, who is actually buying up all the stocks that we have been dumping. Something is happening as people actually want to buy to stock. If you have real time quote, the bid out weigh the ask 430 : 20. Fishy hey... Yours Hot Air

To: Jim S who wrote (229)	1/22/1999 12:42:00 PM
From: Bo Le	Read Replies (1) \| Respond to of 442

Jim, Tell you a story. When LTV went to Chapter 11 (4 or 5? years ago) and had a reorg done, a single trader sold short 250 million shares at price from $1 to $0.125. The total LTV share outstanding is 140 million shares. Why he did that, because stated very clear in LTV filing, LTV common stock holder would get nothing. How he managed short so many shares? Well, there are a lot small firms on the wall street just do these. It's a sure money for them to make. For the details about the story I maetioned above, check back issues of Worth magzine. (I think it is in 1996 issues.) Bo Le