Fenway Resources Ltd. (FWY@V) Message Board

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Gold/Mining/Energy : Fenway Resources Ltd. (FWY@V)

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To: Adrian Elbers who wrote (23)	12/2/1996 8:08:00 PM
From: donald sew	of 135

Adrian, And there are still a ton of shorts out there. Understand that as of last Wednesday's VSE report there were 188,000 registered shorts. The next short report from the VSE will be this Wednesday; lets see where that figure is. My gut feeling is that the number of shorts is still extremely high. On one of my earlier notes I had mentioned that the way FENWAY was only creeping up (prior to $10.00), would drive the shorters nuts - they have no idea what to do. Then it moved quickly to 12 in a few days - the shorters probably felt it would definitely drop then. Now that it really popped 2 points in a day - they have to cover soon or mortgage the house to cover the margin calls. Do believe that the true short squeeze has not started yet. Best wishes to FENWAY. Seeya

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