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Biotech / Medical : North American Vaccine
NVX 1.210-14.2%Nov 4 3:59 PM EST
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To: Mama Bear who wrote (397)7/31/1998 7:03:00 AM
From: Don W Stone   of 507
 
Barb: I am saying that the short interest figures were in the millions ( like 3.5 million) for NVX back in 95 ,96 timeframe. Sturza has been shorting the stock since 93, 94 timeframe ( short interest was very high then). Read any of Sturza 's newsletters of that period. You will see his early recommendations to short NVX were when the stock was $8 bucks and he had a target of $3 bucks. He hAd a report out on NVX at least once a month back in that time period. His report of 4/96 had the stock at 12 to 13.
Shortly after that NVX floated the convertible bonds the stock shot up to the 20's and sturza uped his target to 5 bucks.

Anyone who has been in NVX since 93 won't question my comments on at what level the stock was shorted. If anything i may be way high on the price most shares were shorted at. The real number is perhaps closer to 10 bucks.
What has gone on to get to were we are to day doesn't really matter to me. Fact is short interest figures have approx. 4 million shares short today in NVX and I'd say to cover for that amount will be one hell of a problem. we'll see.
UNTIL YOU COVER YOUR SHORT YOU HAVEN'T MADE ANY MONEY. Even if all 4 million shares were shorted at 30 my guess would be the shorts as a group will be big loosers.
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