What an interesting week. I am not sure that I buy into this short thing
but, who knows. It will be interesting to see what the shorts are at the
end of the month. Was 33,000 end of last month, if I'm not mistaken. May
be as simple as people knowing that Q4 is the best quarter of the year and
with no news exspected out for 3 more months and what was 1700%+ profits
in a year, the temptation for some may have feed into some less ratioal
selling. Through in some selling from a trust for 150,000 sh. MAYBE. Today
being when options come due and a lot of people rolling theirs up, as I
did, and top it all off with overall market conditions. It may be less
cynical then what is assumed. Doesn't matter AS MUCH if you are a long term
holder. If it is shorting action hat did this, there is an obveious up side
that may not be far away. So we're back where we were 4 weeks ago on a lot
lower PE and even greater information on where the company is focused on
going in 1998. I can live with that.
Don't miss the Hank Parker Fishing Show on Saterday, sponsered by Radica!
It's on TNN if I remember correctly.
Wayne
FWIW, from the $14 and up range, today makes about 8,800,000 NASDAQ shares
or about 4,400,000 common shares traded. If the 150,000 trust shares were
traded, that makes the float about 6,550,000 with the info I have. |
