Item Ticker Company Name
1 ORCL ORACLE CORP
Month Shares Avg Daily Days
Short Volume to Cover
01/98 14,742,021 12,685,937 1.16
12/97 9,413,646 20,724,946 0.45
11/97 12,029,601 6,852,007 1.76
10/97 11,401,779 7,319,906 1.56
* S/A = Shares Short / Avg Daily Volume; it may be used as a rough measure of days to cover.
IMO this is positive for everyone long. Oracle had the highest
increase in shares shorted for the Month of 5,328,375 to 14,742,021.
When these start to cover we will see ORCL jump past 30.
I expect the downward pressure to continue for a bit but when we
turn the corner, the shorts will be covering and will send ORCL
to the moon.
Just my opinion. TIFWIW.
JCross |
