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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?


To: Tom Allinder who wrote (4176)2/3/1999 11:22:00 AM
From: Wayne Rumball  Read Replies (2) | Respond to of 11130
 
IRTG - I bought into a bigger spread than that (but at a lower price)

This is undiscovered, the internet news burried in a boring PR.



To: Tom Allinder who wrote (4176)2/3/1999 11:23:00 AM
From: Gator  Respond to of 11130
 
Speaking of small floats, CMMI is getting ready for a short squeeze.
Company is requesting that anyone holding any shares of CMMI to fax them copies of statement for proof of shares they are holding. MM's have sold more than what is in the effective float (only about 37,000 shares in trading float, 337,000 in stated float, but I believe 300,000 has been taken out as collateral for financing.). I already sent them my info (I own about 1/6 of the 37,000 trading float). They are using the information to show DTC that MM's are short selling stock that isn't there and force the MM's to cover.

Disclaimer: I have received shares of CMMI from an outside consultant to the company to assist with the dissemination of information. I have also purchased shares on the open market.