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Technology Stocks : GX Investors Thread

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To: cfoe who wrote (312)	9/24/2001 7:21:58 PM
From: Sweet Ol	of 586

<<GX short interest increased by 20 mln shares from 8/15 to 9/15 and now stands at 114 mln shares.>> That is 12 days average volume, which is a lot. In general, anything over 5 days is considered significant. However, I have recently seen several stocks at 20+ days. I have no idea how this compares historically for GX. I suspect that there are a lot of people who doubt their survivability. I am surprised that more shorts didn't cover in the 2's. But, since it is so weak right now, there is very little risk to the shorts, most of whom have huge profits. The good thing about all those shorts is that when (if) it starts up, the short covering will rocket it straight up for a while. That will attract the attention of the momo buyers who will help it go higher. Best to all, John

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