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Technology Stocks : 7th Level

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To: targaman who wrote (802)4/23/1998 8:25:00 AM
From: Matthew Cooper  Read Replies (2) of 1019
 
Interesting FYI: my brokerage house has run out of SEVL shares to borrow to shorters. I covered my short yesterday then tried to short it again... but it wouldn't let me. This tells me that there must be a rather large short position in this stock now. To those of you who are long: be very careful. If you got into this stock above 5 I think I would take profit.

I am not saying this to push the stock down, I don't have a position. Just a word of warning (I have never seen my brokerage "run out of shares" like that before).
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