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Non-Tech : Market Makers - What They Do and How They Do It -- Ignore unavailable to you. Want to Upgrade?

To: Richard L. Williams who wrote (217)	3/28/1999 10:17:00 AM
From: RobbRacer	Read Replies (3) \| Respond to of 429

Rick, In theory calling in the certs makes sense but you have two main problems and in reality it won't work. One it is too dificult to get enough people to call in certs to the point MM's would be affected. Second,MM's could just reshort more refusing to be squeezed. I perfect exampple of this tactic is OVIS changed to RMIL now delisted. check out the boards and how they organized a short squeeze that did get the stock up to $4.00 from pennies but ultimately MM's won because they just shorted more. Lawsuits flew everywhere. The only thing I know that would work is have the company qualify for AMEx listing. Then because all stock is with a specialist, I beleive the Mm's would have to be flat at the time it switched exchanges. this combined with cert calling may levitate the price and hold shorters at bay but if the company could qualify for amex small llisting it probably woudn't have a short problem. Rob