% | $
Quotes you view appear here for quick access.

Scio Diamond Technology Corporation Message Board

  • Isaac_dj Isaac_dj Aug 15, 2002 2:16 AM Flag

    HOW THEY are Trying to Get Your Shares!

    With institutions owning over 84% of the float (and rising), the hedge funds, which hold most of the 6.8 million short-shares, HAVE TO buy shares held by individual shareholders, in order to cover. Here is the technique they use.

    1. They raise the stock price by a little (by buyibg).

    2. They try to induce selling from shareholders by selling a large number of shares quickly.

    3. As traders, shareholders, and individual shorts begin to sell, the price drops further. While the selling propagates, they begin to carefully buy without raising the price.

    4. The process is repeated until they see that the number of sellers drops significantly.

    5. The process is attempted after every news that might be perceived as negative (e.g., the convertible note issue, etc.). They probably use bashers to try to DECEIVE shareholders just before and during the attempt to induce panic selling.

    This process was clearly used in several such attempts in the past. It counts on investors that SOLELY use TA and EMA-price movements for sell/buy decisions. Since these investors ignore the HUGE fundamentals of SCIO, they are quick to succumb to such manipulation.

    Still, careful investors can find great opportunuties to buy during such dips. After all, NOTHING has changed about SCIO's fundamentals. AND its HUGE future looks BRIGHTER than ever.

    Good Luck to ALL!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
0.10990.0000(0.00%)Oct 20 12:13 PMEDT