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Technology Stocks : CustomTracks Corporation (CUST)
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To: sandshark who wrote (2354)9/17/1999 11:38:00 AM
From: J.Y. Wang  Read Replies (1) of 2514
 

Message #2354 from sandshark at Sep 17 1999 10:28AM
I think the short interest numbers are suspect. The number only changed by a few thousand shares from last month. I believe there is a huge position short against the box. I also believe that one clearing firm in particular has been reporting a wash position as naked short because of varying account types. How else can one explain the complete lack of upward momentum even with news or attempted squeeze plays.

A couple of reasons:
1) Maybe most shorts are convinced CUST is a POS and not only covered when it moves up but short more.
2) Maybe those who were long and rode CUST as a momentum play in the past see it now as roadkill waiting for the ravens to pick it apart. They may be losing interest in CUST as a momentum play.

I agree with Tom. I think there is massive short interest in CUST.
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