Replies to post #1458 on Michelex Corp (fka MLXO)

[ecp1976]

Lakers, looks like all the CMKX investors are calling in their certs over on RB.

Wether or not Cornell has a short position and wether or not there will be a "short squeeze" is imaterial. What MLXO really needs is good PR's to get them out of the toilet. PR's that show how undervalued the company is will cause interest and some good buying pressure. Let's hope that there are a few sitting on someones desk and they get floated to us pretty soon. If Cornell is already gone after doing there damage then good riddance. But we need news and we need confirmation that Cornell has exited. I keep waiting in anticipation and hopefully the next month will be good. I'd be happy to be trading at .05 by the end of June.

I'm calling Cornell today and will try and get some information.

ECP

P.S. Most of us are such severe bagholders, all we can do is wait.

[VST7]

lakers17; I beg to differ with you. Take a stock like MLXO, low float, PPS moves around on 10-20k buys and sells, now take a few stock groups, lets just say conservatively, that we have approx. 100 people that are going to run this thing, all spending between 500.-2,000. Your going to tell me that this won't squeeze Cornell??? HAHAHA, Say what you will, I have been part of one before and watched it happen, The MM's are very low on shares for MLXO this one would be easy!!!!!!!!!!!!!!!!!!!!!!!!!!! We just need to get the attention of a couple investment groups to have a reason to put MLXO up as a group pick, and we will help ourselves as well as Michelex by sending Cornell one hell of a message. Laugh if you want but thats what I am working on right now, I am involved in over 80 stock groups, I only need 2 or 3 to jump in here.

[VST7]

lakers17; Definition; Short Squeeze from Investopedia.com. I think if we pull together and get a few Investment groups interested, we can pull off a Major Short Squeeze here. I know a couple guys that run their own groups that love this stuff.

http://www.investopedia.com/terms/s/shortsqueeze.asp

Short Squeeze
A situation in which a lack of supply and an excess demand for a traded stock forces the price upward.

Short squeezes occur more often in smaller cap stocks with small floats.

If a stock starts to rise rapidly, the trend may continue to escalate because the short sellers will likely want out. For example, say a stock rises 15% in one day, those with short positions may be forced to liquidate and cover their position by purchasing the stock. If enough short sellers buy back the stock, the price is pushed even higher.