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Pastimes : The Big Tex House of Coin -- Ignore unavailable to you. Want to Upgrade?

To: BigTex who wrote (3797)	5/17/1999 10:50:00 AM
From: Gator	Read Replies (1) \| Respond to of 19297

Major squeeze occuring on IGHS. Announced merger on Friday, stock swap required to complete merger, meaning that short position has to be covered otherwise MM's with naked shorts will have to come up with millions of shares of the new stock to settle customer accounts. Believed to be 2.5 million shares short as of last week, only around 6.5 million outstanding. CEO has stated that company will be profitable this year based on contracts in hand (around $0.14/share this year). Good company info at ighs.com. Gator