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Technology Stocks : INTC
INTC 40.09-0.2%3:38 PM EDT

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To: Richard Forsythe who wrote (851)2/6/1998 11:06:00 AM
From: Jules B. Garfunkel  Read Replies (1) of 990
 
Hi Richard,
I don't know if a short squeeze will in fact occur. I do know that it doesn't cost anything to hold onto the Warrants until the end just in case a squeeze does take place. Remember, if someone is short the Warrants, they can not use anything else but the Warrants to cover their short position.

I have also watched the short position on the Warrants drop rapidly over the last two months. Perhaps because of Intel's announced buyback program, last month. I also noticed yesterday, right after my post, the Warrants began trading more like it would expect to trade. Before my post there was a spread of 5/8 to 3/4 between INTC and INTCW. Soon after the spread went back to 7/8 to 1. Anyway, I think it deserves watching.
Jules,
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