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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?


To: AriKirA who wrote (3372)3/6/1999 7:11:00 PM
From: GWD  Read Replies (1) | Respond to of 8117
 
Hi AriKirA
>>>>>I wonder why Mr Jacob's told one of the posters that he thought the stock was being shorted.<<<<<<<
By simply stating shorters are to blame for the drop in share price,the CEO gets off the hook,and investors carry on,with business
as usual.
Most investors don't like shorters,sometimes don't understand short selling (Art of Selling Short by K.F. Staley makes excellent reading)
don't follow up on short positions ect.
I agree with you friday was not a short selling situation.
Anyway,LOR stated in his last post,that in his opinion,all three devices had a equal chance off being accepted by the military.
What is your take on that?
Regards GWD



To: AriKirA who wrote (3372)3/7/1999 11:02:00 PM
From: Gary H  Read Replies (1) | Respond to of 8117
 
Ari, All points well taken - but lets remember that just because MJ
manages the Company does not mean he is a stock market wizard. There are realms of the market, I'm sure , which MJ does not understand. Not that I do, but all the same the unknowns to most of us can also be unknown to MJ.
Take the case of one individual or fund who wish's to vacate a stock for whatever reason and can have a detrimental effect on the price and effect the thoughts and aspirations of other investors. I think this was evident when the price was sliding till the news release came out and then the flow of share stopped for about an hour. It took time for this new release to seep into the market and once it did the price moved up, but then the close of the market cut the movement short.
The news IMO was positive and I think it will show as such in the coming week.