Dell Technologies Inc. Message Board

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Technology Stocks : Dell Technologies Inc.

DELL 140.76

+1.3%

12:34 PM EST

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To: Candle stick who wrote (9568)	7/12/1997 11:36:00 AM
From: Geoff Nunn	of 176387

Candlestick, Thank you for posting your views on Dell. This thread sorely needs more participants like yourself who are bearish, especially since William seems to have gone into hibernation. I agree wholeheartily with Steve that it's good to hear from the shorts. Let me react to your claim that Dell was driven up by a short squeeze on Friday. A squeeze is possible only when a stock is thinly traded, and in which case shorts are forced to cover at ruinous prices because brokers are unable to find shares to borrow. When shares are available for borrowing, shorts will borrow instead of covering. This follows because they think the price is too high and eventually will fall. If Dell is overpriced -- and shorts by definition believe it is -- why would they have covered their positions on Fri? There's no reason to. There were plenty of shares in margin accts. available to borrow. Dell is not thinly traded... anything but. One other thing, since you have stated that you are short yourself, why weren't you caught in the "squeeze" like everyone else? Regards. gn

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