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Technology Stocks : Drexler Technology Corp. (DRXR)
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To: Leslie1y2o who wrote (6)3/7/1998 5:38:00 PM
From: JWA  Read Replies (1) of 59
 
Leslie, hard to say. There might have been a mild squeeze in mid Feb. when the stock jumped from 12 to 15. Short interest has been going down since Nov. when there was 910,000 and 51 days to cover. Some people may have covered during the "surge" from 12 to 15, but others may have gone short once the stock went above 16 in late Feb. The most important factor is the underling potential of this company. As additional orders from the INS and State dept. roll in plus the medical industry applications I think the price of the stock will get quite a boost. If we could get some "coverage" from some heavy hitter [such as Cowen & Co.] the shorts might really get squeezed. JWA
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