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Ignutz

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Ignutz

Re: MisterEC post# 133987

Sunday, 01/30/2005 6:02:54 PM

Sunday, January 30, 2005 6:02:54 PM

Post# of 358440

MisterEC, you ask …

” ..If the price of the stock is .0001, why would they not cover the short position?..”

Read this link … it’s quite long, but it will explain the reason to you very clearly. Here’s the crucial bit:

“These market manipulators soon learn that they can't cover because the second they take their finger off of the selling trigger, the stock gaps upward and they haven't even started to buy back shares yet. Since they can't cover without driving the PPS up violently they soon learn that all they can do is to continue leaning on the stock in an attempt to suffocate the company to death by constantly knocking out any bids that are posted.”</B>

http://www.sec.gov/rules/proposed/s72303/decosta122203.htm


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