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Technology Stocks : Able Telecom (ABTE)
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To: David S. who wrote ()7/12/1999 6:51:00 PM
From: John Chapman  Read Replies (1) of 700
 
David: What do you think of a possible short squeeze? I see as of 6/8 there was a 2.68 million share short interest or about 28 percent of the float. Also in the last three months institutions have purchased 2.7 milion shares and sold 1.1 for a net 1.6. Since there is relatively small float and if institutions keep buying there would not be much room for short positions. That might explain the last two days volume. Info was obtained from marketguide.com
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