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Non-Tech : Wescorp and WFSI

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To: Gary Leger who wrote (10)3/10/1998 4:42:00 PM
From: Mark Oliver  Read Replies (1) of 56
 
The price action today was quite interesting. A little volume early set the price onto a nice rise, but the big volume trades at the end of the day seemed to all fall between the bid/ask. Wish could make 10,000 share trades between the spread.

Anyway, I'm curious to know if there is a way to judge the average price of shorts and when they will start to cover to avoid loss?

As a short, does the price move today give you any worry? With such a thinly traded issue, if the big shorts rush to cover, won't you have a hard time getting out?

Regards,

Mark
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