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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI
CCSI 28.79-2.1%2:07 PM EST
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To: Nick who wrote (2312)5/28/1998 11:17:00 AM
From: invest04   of 5736
 
Nick...the nice thing about CCSI is that there are relatively few shares outstanding, and of those outstanding, a very high percentage are held by a relatively few number of institutions and individuals. I think I've got a pretty good handle on who is holding what, and I figure that the real hard float is somewhere between 2 1/4 to 2 1/2 million shares. So yes, the short interest does exceed the real hard float on CCSI. Those relatively few institutions and individuals holding the vast majority of shares are not your mom and pop investors or traders. They aren't "scared off" by the size of the short interest, cause they know what they know about CCSI, and the implication that shorts know something else is totally bogus. Similarly, being sophisticated investors and traders, they have managed their accounts so a margin call is not a factor, nor are the bs comments posted here and elsewhere.
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