Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: pcyhuang who wrote (13503)	12/2/2002 10:34:56 PM
From: Cosmo Daisey	Read Replies (1) of 14638

Part of the increase we are seeing is probable some short covering. The average price in the month preceeding the increase in short position was 1.25 and increased investor confidence has to be shaking some shorts out of their positions. It is always nice to see a large short position preceeding a big run. Maybe today at 2.30 or tomorrow at 2.70 or Wed at 3.50 they have to cover sometime. This is not a good time to be short. cdaisey@squeezeem.com

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