INPH 24 1/4ÿÿ(-1 3/16)
Added @ 24 1/4
Bought back the 20% I took profit on last week from $27 and added a small amount more. This head-fake pre-earnings was warranted, especially with the quick run-up from $17.50.
I'm back at 100%+, but I'm mulling over adding some more. Patience is key. When the MM's take her down, it's too easy to get em on the bid. Will look to add @ $22-$22.50 Nothing has changed with Interphase.
Interphase Corporation (Short Interest)
Month Shares Short Ave Vol Ratio
01/00 2,020,004 425,489 4.75
12/99 1,465,761 611,190 2.40
11/99 444,263 940,901 0.47
10/99 237,072 185,019 1.28
09/99 68,869 229,581 0.30
08/99 56,766 120,191 0.47
IMO, we need a close above $28 for the shorts to even consider covering. Otherwise, a retracement to $22, could be a good level to scoop some. Notice the pattern over the last week or so? Higher lows and higher highs. It's just a matter of time before we break $28. Of course, this is barring any surprise developments from the Board Meeting and earnings/cc.
Board meeting and earnings announcement/cc around the corner.
ÿÿÿ Board Meeting- Feb 9
ÿÿÿ Earnings/cc- Feb 10*after market
Interphase Corporation and its subsidiaries engage in the design, development, manufacturing, marketing and support of network and mass storage products based on advanced technologies for computer systems.
iphase.com
Regards,
B- ARTT looks good too :-)
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