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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Teddy who wrote (12314)2/21/1998 3:23:00 AM
From: Czechsinthemail  Read Replies (1) of 95453
 
Teddy,

Thanks for the short interest figures. It's nice to have large short positions in stocks you own, because it represents built in buying when the shorts eventually cover. I think more important than the percentage changes in short interest are the relationship of outstanding shorts to trading volume and float. When it gets high, short covering can produce a big run. It has certainly done wonders for AOL.

Baird
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