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Technology Stocks : SYQUEST
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To: MoonBrother who wrote (5715)3/1/1998 12:33:00 PM
From: Andrew Shih  Read Replies (1) of 7685
 
>>Well, read the "* S/A" note. It cleared showed that the average days a short position is covered was about 4.71 days (half of Jan.), which means almost all shorts in Feb were established in late Feb<<

Isn't S/A a measure of how long it would take to cover all the shorts?
If so, you'll notice that the shares short was flat between 1/98 and 2/98
but that the average daily volume doubled. Hence the S/A was halved.

It doesn't look like anyone has covered yet.

-Andrew

BTW, while I believe that SyQuest is performing better than it has
in years from a product point-of-view, the 150+ million shares outstanding
means that it will never reach $5 again in my mind...
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