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Strategies & Market Trends : Waiting for the big Kahuna

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To: Joseph G. who wrote (25736)8/30/1998 9:31:00 PM
From: Brad Bolen   of 94695
 
YHOO is listed as having a float of 37 mil. It has ave. daily trading volume of 8 mil Does this mean the entire float turns over on average of once per week? Jeeze...

It has 11 mil short. that is a third of the float, all of which explains why I saw a days to cover ratio of less than one.

What are the implications of this? Is this a short squeeze in the making?

B.

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