Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: orkrious who wrote (14970)	12/3/2002 4:09:39 PM
From: Techplayer	Read Replies (1) of 57110

Schaeffer's 'Herd' on the Street: 1-800 CONTACTS 1-800 CONTACTS (Nasdaq: CTAC) is making waves on the Nasdaq exchange and on Yahoo Message Boards today. After the firm announced it is a newly authorized dealer of Vistakon contact lenses (a Johnson & Johnson division), CTAC shares shot markedly higher on heavy volume. In midday trading, the equity is trading 85 percent in the black while message board mentions have increased at the alarming rate of over 1400 percent. Options pits remain silent, however, as the stock is not yet an optionable security. Today's upsurge has carried the stock beyond its June 2002 and November 2001 peaks to a new annual high. The stock has also topped its 10-month and 20-month moving averages for the first time since January 2001. Short sellers may be blinking back tears today, as CTAC was one of the most heavily shorted equities on the market. Prior to today's news, over 3.6 million CTAC shares were sold short, amounting to a short-interest ratio of more than 51 times the stock's average daily volume. Click the following link to see the Weekly Chart of CTAC Since October 2001: schaeffersresearch.com .

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