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Strategies & Market Trends : Three Amigos Stock Thread

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To: JanyBlueEyes who wrote (15778)	6/9/1999 8:55:00 PM
From: Sergio H	Read Replies (3) of 29382

CCSI Jany, the shorts will be looking to increase their position if the stock gaps up at all. Then again, longs might actually be dissapointed by the lack of details in the news release. The news does not give enough details in order to calculate at least what the minnimum gain to CCSI will be. The short position is already 25% of the float!!!! Today's news was not preceeded by volume, or block buying (there was only one large block trade)indicating no support from institutional buyers, MMs or insiders. There will most likely be follow up news releases. The CCSI battle is still to be decided. If further details and developments are positive, CCSI will have one big push from shorts scrambling to cover. I think it's still too early to tell where CCSI is going. AS

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