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.

Pastimes : Thread Morons -- Ignore unavailable to you. Want to Upgrade?

To: ISOMAN who wrote (7051)	2/11/1999 12:14:00 AM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 12810

Isoman, Takes one to know one... Nyahhhh.... KJC

To: ISOMAN who wrote (7051)	2/11/1999 8:39:00 AM
From: Henry Volquardsen	Read Replies (3) \| Respond to of 12810

SO you're calling me a broker!?! I'll have you know I am just as much a smart ass as Kerry. FWIW re GERBER's short squeeze. My experience is more in derivatives than stocks. But short squeezes are rarely as simple as one guy being forced to cover and one other source 'forcing' him to cover. There is a lot of this type of 'bi-polar' thinking in the markets, people who find one fact and extrapolate it into an extreme move. The market is rarely that simple. For one thing there are other players in the market who may want to sell into the buying. But most importantly, why is this Swiss broker being 'forced' to cover? If the stock does rise what is to prevent the broker from merely maintaining a short. It is certainly possible that what this individual is saying is true but my opinion is that it is highly unlikely. Yes the stock has taken a jump recently, there was an announcement of an investment banking agreement recently and the buying preceded that. That in itself raises some questions. Then the broker is Swiss which gives it an exotic and unverifiable aura. Also this is an OTC:BB stock, I believe rumours of an impending short squeeze against nefarious brokers are one of the listing requirements for OTC:BB. Nice touch though in that he has got an evil market maker working with him, a nice touch. Plus he comes out with his rumour afterthe stock has just tripled and news has come out. If I were of a suspicious mind I would think that maybe someone who had bought knowing the IB deal was going to be announced was now trying to get some new buying in so he could liquidate. All in all it looks doubtful to me.