The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: kathyh who wrote (59724)	9/15/1999 12:07:00 AM
From: R.E.B.	Read Replies (1) of 90042

No I'm not kidding, normally a company might have a short interest of 3 to 6 days of trading; for PIOS that would equate to 600,000 to 1,200,000 shares. It is rare to see a short interest that equates to 20 whole days of average trading.... yes, if they were to ALL cover in one day, you could easily see $80. Fun to think about, and it does happen, but it is rare. Most covering occurs over a number of days. It takes a major event to run the stock up enough to gets most shorts to cover at once, and a buyout won't do it... they would simply pay the buyout price. A short squeeze (actual shortage of shares) would be the sure fire way to make them cover.

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