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Technology Stocks : ODS - Optical Data Systems (NASDAQ: ODSI)

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To: Chris who wrote (57)6/20/1997 3:17:00 PM
From: RB Smith   of 258
 
To All . . . .

I have been doing some research on ODSI lately. I understand that they are looking for an OEM for their new Infinite switch.

Additionally, I have noticed that there are 2M shares short at this time (16M outstanding with insiders holding a bunch). My guess is if they announce a deal with an OEM for the new switch the stock should see strong upside movement, propelled by the short squeeze.

I'm not looking for anything special in 2Q, but 3Q and 4Q could be very interesting. Any positive movement could squeeze the huge short interest and ODSI has proven a floor of aroung 11 (remeber with disappointing 1Q results the market makers opened the stock at 9 3/4 but first trade was at a premium price of @11 . . . . no sellers!)

Just my thoughts . . . .

RB Smith
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