The Thread Formerly Known as No Rest For The Wicked Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: falcon74 who wrote (76766)	12/8/1999 9:41:00 PM
From: Bill on the Hill	Read Replies (1) of 90042

Short position on CYOE as of 11/8 was 3.6 million shares of a total 12.6 million outstanding. That is almost 12% of all shares short. About 38% of the float is shorted. If the company were sold or rumored to be sold and the shorts had to cover then a squeeze would be forced. The only thing to watch out for is that it falls faster and harder than it climbs. So be ready to sell if it surges and set good tight limits or at least follow it with tight mental stops. If it starts going down then it will fall to below $5 to around $4.25-.50 where it seems to base. The market makers support it heavy at $4 so don't expect it to fall any farther than that. They seem to try to keep it at less than $5 for no more than three days so that is a good cover point if you do short. Watched it close for 8 months. And it is a real stinker of a stock but the short position is attractive for a squeeze. Bill

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next