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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: stox19 who wrote (6763)	7/7/1998 10:59:00 AM
From: Jeffrey S. Mitchell	of 10786

Yes, it looks like a classic ALYD zoom, but in an atypical way. Someone PM'd me about how short squeezes work (as I've never really been in the middle of one): The price goes up, say, $1... and a few "mom and pop" investors sell to bring it down 1/8 to 1/4... then we get another $1 rise... and so on. The fewer people that decide to cash in, the more the price stabilizes and the greater the chance that some shorts will decide to cover (buy back the shares they borrowed), which, of course, creates a domino effect as other shorts follow suit. This happens in waves so it should be quite a show (g). - Jeff

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