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Technology Stocks : INTC
INTC 39.94-0.5%3:46 PM EDT
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To: Jules B. Garfunkel who wrote (848)2/6/1998 10:21:00 AM
From: Richard Forsythe  Read Replies (1) of 990
 
Jules,

The short interest in INTCW seems to be about 700,000 (according to one web site) -- about 1/2 a day's trading volume. That seems rather low to bring about a short squeeze (and it has dropped considerably over the last month).

I noticed Intel expanded their buy-back to include INTCW -- perhaps this will add to the 'squeeze' probability.

Do you still think a squeeze is in the cards?

Richard
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