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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	9/6/2000 1:18:40 PM
From: Frederick Langford	Read Replies (1) of 37746

STLW Michael Brutton writes, "Stratos Lightwave (STLW: news, msgs) develops, manufactures and sells optical subsystems and components. The company will be reporting its earnings Wednesday after the market close. The consensus estimate is +0.01 per share. The whisper numbers are +0.02 per share. Currently, the stock is being covered by six analysts (three strong buy and three buy ratings). The IPO lockup expires on Dec. 23, and the current float is only 8.75 million shares. Now, here is the incredible thing: The current amount of shares sold short is 5 million shares. That's 57 percent of the current float. There is no question that there are strong signs of a short squeeze about to happen." (Note: Stratos shares hold a Nasdaq market capitalization of $3 billion. At 48, the shares are 8 points below their all-time high.) cbs.marketwatch.com Fred

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