Euroweb International - NASDAQ: EWEB Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Euroweb International - NASDAQ: EWEB

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: allen menglin chen who wrote (473)	1/30/2000 2:54:00 AM
From: chalu2	Read Replies (1) of 566

>>The number of shares sold short in the market had jumped from a mere 775 to an incredible 472,016, or close to a third of the average number of shares changing hands in the open market each day. Is it any wonder the price of Euroweb had soared? It was being forced up by a short squeeze ¦ a squeeze that was making millionaires out of holders of the warrants.<< Oh, I forgot this part. The short interest jumped to the "incredible" number of 472,016, "or close to a third of the average of number of shares changing hands in the market each day." Incredible? That's a short cover ratio of 0.3 days, which I believe all experienced market analysts would refer to as "microscopic" or "inconsequential." Incredible? The only thing incredible here is that a financial writer would fall so far into error in what is a very basic area. Large short positions are in the 20-70 range. See for yourself: viwes.com No 0.3's there. Was Byron confused? Or was he just simply "short" of negative arguments.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next