Read-Rite Message Board - Msg: 14279752

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Technology Stocks : Read-Rite

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To: Skywatcher who wrote (4944)	8/26/2000 12:49:52 PM
From: Diamond Daze	of 5058

Yep what a tug of war....the shorts had it there way for a few years. What is interesting is the short position has increased to 24 million. 12.14.65.32 It looks like institutional holdings and Funds looks like that accounts to 33.5 million shares. So there is still quite a float out there about 28 million shares. If everyone hung on now that would only leave 4 million shares for the shorts to fight over..of course it will never come down to that...some one will let them out. I suspect the trades of 500,000 shares on Friday were indeed some shorts being let out. Some institutions had bought plenty in June...looks like 100-150% gain they may well have been happy with that....DD

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