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Non-Tech : Just For Feet (FEET)
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To: Susan Saline who wrote (697)9/25/1999 12:44:00 PM
From: David Spruiell  Read Replies (2) of 750
 
Good news to all FEETE people.
Helen has done it!! Good girl, more than the revolving credit resolution, but the new ticker(FEETE) is a sign of a new company. I think that the 8.2 million shorts will not sleep this weekend. That is almost 1/3 of the 30 million shares that will buy on the news of a turnaround. That also means that 8.1 million shares are held long in accounts in order to be borrowed to short. Point is that these shares will not be sold short term. Why?, they were held by the brokers and loaned out to short, brokers don't hold long a stock that is going to stay down. Point is, the brokerages are long FEETE.
Reality point, FEETE is worth $10/share, The higher it goes Monday, the more the shorts will panic and cover, driving FEETE higher. You don't think FEETE will sell at $10 +, remember BAMM went from $5 to $38 in 3 days last year.
Don't let the shorts have your FEETE for less than what it is worth.
Long FEETE
David
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