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Technology Stocks : Euroweb International - NASDAQ: EWEB
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To: allen menglin chen who wrote (473)1/30/2000 3:30:00 AM
From: chalu2   of 566
 
Here's the article again:

>>But the very next day, Nov. 16, volume exploded to nearly 25 million shares, or close to three times the total Euroweb shares in existence, and the stock took off. Not long afterward, Nasdaq reported short interest data for the period that included Nov. 16 and ended Dec. 15, and guess what: The number of shares sold short in the market had jumped from a mere 775 to an incredible 472,016, or close to a third of the average number of shares changing hands in the open market each day. Is it any wonder the price of Euroweb had soared? It was being forced up by a short squeeze ­¦ a squeeze that was making millionaires out of holders of the warrants.<<

He's very plainly attributed the November rally to a short squeeze. But there was almost no short interest--0.3% coverage ratio. In doing this where no reasonable argument can be made, the author is either sloppy, confused, or intellectually disingenuous.
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