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Technology Stocks : OCCF: Optical Cable Corp

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To: James Young who wrote (426)3/29/1997 2:04:00 PM
From: PHIL L. FARRA   of 545
 
OCCF HUGE SHORT POSITION INCREASED TO ALL TIME HIGH!!! Last reported short interest as of march 26th has increased 9% to 803,547, an increase of 65,858 additional shares were sold short during this last period. This must have happened last month on the day we grew to 17.50 on 500,000 shares traded. Many thought that increase of volume may have been due to the shorts covering, but now we know it was just the opposite, they were shorting more. With continued company growth and earnings this is a rocket waiting to be lit. With the small amount of shares in float, I'm more than ever HOLDING LONG on this one.

Phil
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