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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Maarten Z who wrote (13684)	4/30/1999 12:23:00 AM
From: Trader J	Respond to of 56535

Maarten: MDIN goes much deeper than that and I don't believe you can apply any TA to it here. There is a supposed huge illegal short position, majors that have signed NDAs, it is a non reporting BB company, have just released div news as a short busting strategy to force the covering of some 50M short shares, etc, etc. The action in the first part of next week will tell the tale. If the short position is there you should see a nice price increase, if not .... the short position may not be there. They have until Friday to cover as that is the div date. I will reevaluate on Thursday and decide what to do. A buyout should happen in their assays are factual and results continue to be good. But, this is all unprovable, which is scary. Best just to watch right now unless you have speculative money that you wish to throw to the wind. I hate these types of issues, but the talk of a $20 short squeeze has me pouring drinks for Mr. Greed. tj