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To: Due Diligence who wrote (229)4/23/1999 2:05:00 AM
From: Ga Bard  Read Replies (1) | Respond to of 1101
 
You are so right ... and it is so obvious too. 2000 shares at 4.25 and then 3000 shares above the ask at $4.50. Then it started falling on NO TRADES!!! That was also when the new MM back his bid off to $3.50 ...

Now you have to remember to short individual investor, one you HAVE to have capitalization or money in an account to cover in case you get a margin call. MMs have this also but I think it is monthly.

I think that if you have a short position at $3.00 - $3.50 and it does not go down but goes up ... Look out Margin Call.

Anyway tomorrow should be interesting.

I have seen this before and watched it happen all day long. Nite, Sharp and Hill were scrambling all day trying to get shares ...

They did get a few but they always do.

GB