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Gold/Mining/Energy : Fenway Resources Ltd. (FWY@V)
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To: donald sew who wrote (19)12/1/1996 3:42:00 PM
From: John A Weisgerber   of 135
 
Donald. The VSE short position report is updated weekly after the close on Wednesdays. You can call the VSE thurs. for the data on each co. you are interested in. As for the unsecured shorts. I have no Idea of the magnitude because it will vary continuously as the share price moves up. The greater the position the greater the squeeze pressure on each increment of rising price. I do understand that the people who are short must be trying to figure out how to get out of this one! If they have access to enough capital they may try to drive the price back down with a new round of agressive shorting. If they are successfull they will break the confidence of the long position holders and cover. If not they will be compounding their problem and enhancing the short squeeze! If that happens the up moves will be much more dramatic and erratic! REgards John
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