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Technology Stocks : Information Architects (IARC): E-Commerce & EIP
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To: P. Ramamoorthy who wrote (6779)7/7/1998 9:05:00 PM
From: Jeffrey S. Mitchell  Read Replies (3) of 10786
 
Shorts replaced the borrowed shares with cheap shares.

Are you saying shorts averaged down today as well? If so, that would make sense as 400K shares were sold and they had to come from somewhere-- and I doubt it came from longs. So, that might mean that short covering and selling cancelled each other out, which, of course, means the short interest is about where it began. With some more buying coming in this could get real ugly for shorts real quick.

I hate when that happens (gg).

- Jeff
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