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Non-Tech : Invest / LTD

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To: drsvelte who wrote (1231)	7/21/1998 12:56:00 PM
From: Thean	Read Replies (3) of 14427

Doc, with the widespread lack of shares to borrow, SRCM may have hit the bottom as far as further shorts coming in is concerned. I think all shares that were purchased above $25 are shorted. This is a dangerous situation as MM or even the company can really punish the shorts by squeezing them. I would stay away from this danger zone. Phew - just checked SRCM and it shot up to $29. Were we lucky or what? The story sounds like the damn POS co. VRC fell off the bottom again and this time it looks like they are not going to meet their estimates. The huge volume a week ago was probably the first knowledge by the company insiders that things are not rosy and VRC will fail to meet $0.28 this quarter. Worse yet, they may announce some charges when the earning comes out which by the way was this morning I think. Therefore some thing fishy is up... The techs are rally again and my MU put is already underwater. Really no fun. Rather trade the drillers.

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