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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside.
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To: Ash Bansal who wrote (3)4/22/1997 9:20:00 AM
From: Rick Smith   of 802
 
The market in general has been punishing the small cap stocks and tech stocks in particular. The NYSE reported that short interest in general had jumped 53 million shares to 3.15 billion shares. This represents important buying power that will play a significant role in the next rally.
FSCX has been sold off very sharply and without any anouncements lately that weren't positive for the company, as has usually been the case. If you look closely at the press releases over the past two months, there is something going on that I believe to be a big positive for the company. They are making all of the right moves. What we need now are orders.
The short side traders will scramble to protect their profits on any good news and with so few shares in the actual float, we could see a very big move up, based just on them covering. For the time being though, it seems we are in for quite a storm.
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