Dodger,
Well then you can fault me for being too much of an investor/shareholder and not enough of a trader like you! :-))
You had once stated that you bought IAIC early and sold it way too early. Well, would you have been better just hanging in there like me for the gigantic move up, significant retracement and recent rebound or just selling early before the fireworks?
The bottom line is that short-selling was NOT all that prevalent in IAIC ... about 150,000 at its peak out of 6.2 million shares outstanding. What hurt the stock in the Sept. to Dec. 1997 period was existing shareholders bailing at first because of the negative "plants" by the shorts, then the Asian markets selloff, then the US tech stock selloff and general Y2K stock sector decline. While it is not arguable that IAIC retraced 70% from its September 1997 high, look around and see how the other automated software solution Y2K stocks performed during the same period. The declines were very similar across the board ie: VIAS, SEEC, CRYSF, PTUS, ALYD, ZMAX, CSGI and far worse in one case ie: ZITL.
IMO, IAIC's Y2K business plan is sound and its stock is poised for a big rebound. I believe that the elimination of tax-loss selling along with the anticipated completion of IAIC's private placement are supply-side factors which will assist the stock price along with favorable news releases regarding the progress of its Y2K business. In addition, IAIC's stock market valuation is far lower than many of their Y2K bretheren which also makes it very attractive.
Have a Happy New Year!
Regards.
Elliot
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