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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Padlock who wrote (2128)6/28/1999 12:47:00 AM
From: Marty Rubin  Read Replies (1) of 2693
 
when a company has a chance and "1/3 of the float is selling short" it's actually a good sing for me. i see shorts the same way as long: we all get to be wrong sometimes. from my experience, the shorts who averaged high will resist covering. i don't think there was a squeeze this time since i know no one that was forced to return shares. just like longs, the shorts may panic as well. but it aint a squeeze.
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