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Technology Stocks : INTERPHASE(INPH): Good future for this stock
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To: jimbos who wrote (566)1/31/2000 6:02:00 PM
From: Junkyardawg  Read Replies (2) of 825
 
I do agree as I have watched the short position and that it has increased.
INPH moved on little news to the $28 range and it is obvious that it was shorted again at those levels.
I personally believe, and this is only my opinion...that most of the large short position that is in INPH at present is shorted from its highs which were in the $40 range.

I expect that the company will address the issue of the large short position in their CC and a split should be in order to do something about it. This would increase the liquidity in the stock which it is in need of, and the shorters at least in theory would no longer have control over the float.
Of course there would be no need to split here so they will need some good news, ie. contracts or good earnings to move the stock into split range which I believe is the low $30's or at least the high $20's. If and when the above happens I expect coverage to begin on the stock.

All opinions are my own and should be viewed as such.
dawg
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