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Strategies & Market Trends : The Thread

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To: SpinCity1 who wrote (49506)	6/1/2001 9:44:13 AM
From: Mike E.	Read Replies (2) of 49816

Hi Spin. LMNE 12 million shares in the float and 9 million shares short 5/1 Couple of things from my observations. First, I thought short interest was only updated once a month and that was mid month? Either way - many shares short. Second, don't you think many of those short shares are arbitrage plays pending the LMNE distribution from MRVC? If so, you could hold 1.7 shares of LMNE short here and not be worried about covering into a squeeze knowing you would be getting 1.7 (approx.) shares of LMNE for every one share of MRVC you held? Because of this situation, I see very little chance of a LMNE short squeeze. But I could be wrong - again! <ggg> Mike

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