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Technology Stocks : NewCom (NWCM)
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To: Mahin M. Samada who wrote (214)2/5/1998 6:56:00 AM
From: Ralph Ulisse  Read Replies (2) of 662
 
I think the short position is increasing. But I also believe that some shorts started to cover at different levels. I think the volume represents (total volume / 2). Still, that indicates a lot of volume for this stock, without much movement in the last 4 trading days. If the buying continues, the shorts can also continue. Shorts can put downward pressure on a stock, but can also force a stock to trade flat on high volume (like the last three days). I agree with Mahin, the squeeze is on, but I believe the shorts are still shorting. I hope the shorts are shorting at this level, then with news, the shorts will have to cover at a much higher price, thus causing the stock to run higher. I don't think this company will continue much lower. I think a high short position is a very positive sign, if the company continues to produce.

go nwcm!
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