KOSS CORP (KOSS) Sweet Music to My Ears Message Board

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Technology Stocks : KOSS CORP (KOSS) Sweet Music to My Ears

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To: Rick Shaum, Jr. who wrote (61)	9/3/1997 6:13:00 PM
From: Rick Shaum, Jr.	of 105

The sales numbers for today tend to support my theory regarding a "short squeeze" on the mm's. Based on the Time & Sales window I get, there was a volume of 19,000 shares trading hands today (this differs from the AOL quote window which shows 15,400 which I can't explain). The mm's bought a total of 12,900 shares at prices ranging from 11 3/4 to 12 1/4. They sold only 6,100 shares at prices ranging from 12 to 13 3/4. They bought twice as many shares as they sold. Yet the inside market moved from 10 1/4 x 12 at yesterday's close to as high as 12 x 13 3/4 this afternoon. This is a significant move up to a new 52 week high on no news and moderate volume. KOSS had a 40,000 share volume day on 7/23/97 and the price didn't budge. The fact that it moved up significantly on a day when more sellers showed up than buyers is very bullish IMO. I think the mm's are still short some shares of KOSS and if the buyers continue to take shares in the 13's, they'll have to move the bid up again to try and shake loose some more sellers. Any other thoughts on the price activity?

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