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Technology Stocks : Gateway (GTW)
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To: NicholasC who wrote (5816)5/1/1998 1:08:00 PM
From: Olu Emuleomo  Read Replies (2) of 8002
 
By the way shorts are often pros and they build there position at the top of a run. So, if GTW is at
or near a top, the short interest should be increasing. It's up to the individual to decide whether
GTW is at a top. It surely isn't at a bottom. It was pulling back prior to S&P announcement. Do
you think that the S&P effect will last forever? For that matter, more than a few days?

I just read your post and I agree with most of it. I'm short GTW, but it troubles me that it is reaching New Highs after consolidating somewhat in the 56-58 zone. Today it punched 59. It does not have the feel of a short squeeze (eg SEEK, KTEL et al..). The most dangerous shorts are the ones that keep gaining a few percentage points daily. Lets see how it behaves around $60; but I am not comfortable with my short position on this one....

--Olu E.
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