Supertex (SUPX) - Does anyone follow? Message Board

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Technology Stocks : Supertex (SUPX) - Does anyone follow?

SUPX 48.06

-1.3%

3:59 PM EST

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To: Norrin Radd who wrote (307)	2/14/1998 8:59:00 AM
From: Joe Basile	Read Replies (1) of 392

I found a site you may want to add to your bookmark list if you don't already have it.....http://www.viwes.com/invest/shorts/query.cgi. The site shows "short interest" on nasdaq stocks. I see that the short interest has come down considerably on SUPX. There were a total of 36,145 shares short in 10/97. The number has come down to 4969 in 1/98. This would suggest that few investors see much downside risk on the stock. However, I'm not sure if few shares being shorted is good or bad. Reason: if the number is high, and there is good news, or a rally, the shorts are forced to cover causing even more buying. One of my other holdings, UTEK has almost 25% of its shares shorted....eeeks!! Seems like a high number. I hope the volume picks up on SUPX. It was low this past week making it difficult to determine any support or resistance levels. Best of luck. Regards, Joe.

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