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Technology Stocks : Data Dimensions
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To: BLUE HORSE SHOE who wrote (1645)6/3/1997 8:19:00 PM
From: Bill Wexler   of 4571
 
From looking at the volume over the last two weeks, I think we've already seen a short squeeze.

The company is now trading at 93 a share, up from 18 (I'm not accounting for the stock split).

At 18 the company was already extremely expensive, and like I mentioned in a previous post, 3% of the float is about to be dumped by insiders. I imagine they'll try to dribble it out, but you're looking at a pullback to the 50 or 60 range minimum.
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