Forum Archive Index - April 2004

["Allan Potts" <ajp7079@excite.com>]

Cris,

I'm not sure I'm the expert you need to talk to, but I can   put in my 2 cents 
worth.  Well come to think of it since I'll be  putting it in with  US dollars 
I guess it's only worth 1 cent now.

If you are sure it's the short sellers trying to knock the price down, I would 
think they would love to break support and see a good washout to the next 
support level which with my cocktail TA prowess looks to be at .06.

I think most short sellers don't give a hoot about the company, shareholdrs, or 
what people think of them.  They just want to sell high and buy low.  If you 
are correct and the shorts break support, I think  you will see them sell 
almost all the way down to the next support level and then cover as much as 
they can in as short a     period of time as possible.  This would result in a 
V bottom which may bring in some new money not only letting them get out, but 
they might reverse for a short period and sell the longs they pick up after 
covering the shorts for a bonus on the partial recovery.  I  would think at 
that  point they will look for another victim to continue their ways.

Short sellers, as others, can be honest or devious.  This is not a friendly 
game we play eh.

Allan  




_______________________________________________
Join Excite! - http://www.excite.com
The most personalized portal on the Web!

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/