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Technology Stocks : CustomTracks Corporation (CUST)

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To: Tom Hua who wrote (2353)9/17/1999 11:01:00 AM
From: Mama Bear  Read Replies (1) of 2514
 
Tom, I have noted that stocks that have a large short interest can collapse just as quickly as a stock with relatively few shares short. CLCX was an example of this. I'm sure AMPD had an extremely large short interest, although it was not reported. But that was because it was trading at ~2 when the numbers were tabulated. IRIQE (IRID) had the largest short interest I have ever seen, reported as 13.004 million on a float of 18.9 million. It did not stop the stock from utterly collapsing. I would agree with your generalization in the absence of a catalyst. I would add my observation that high si stocks have higher dead cat bounces than stocks with low si. But stocks with high short interest get that way for a reason.

For some reason I think that CUST will close within a few ticks of 30 today.

Regards,

Barb
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