Information Architects (IARC): E-Commerce & EIP Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JDN who wrote (7035)	7/31/1998 10:07:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) of 10786

Re: ALYD short interest breaks a million Current short interest is 1,009,094, a 19.5% increase over last month... but, because there's more liquidity in the stock, the days to cover ratio has actually gone down from 6.54 to 3.70. Regardless, it means ALYD is on everyone's radar screen. Comments have been made about why ALYD went down on earnings while DDIM went up. We all know that briefing.com literally makes up reasons to explain things rather than do any cursory investigating. When was the last time they ever cited a source for their "research" conclusions? OK, here's my explanation. What do ALYD and DDIM have in common? They are, for better or worse, among the most actively followed -- and shorted -- Y2K stocks. DDIM has close to 2M shares short and a cover ratio of 5.62. The price action was in direct result to the trading range of each stock. ALYD now trades in the 13-17 range and DDIM from around 12-16. Shorts let ALYD go up 1 3/8 to 16 3/8 before jumping back in when the volume tailed off late morning, whereas DDIM was already near its low and had consistent volume going all day so they stayed away. Let's see what happens today with DDIM. I very much doubt it trades out of its normal range. For briefing.com to be "right", i.e. the street was so enamored by their post Y2K plans, DDIM would obviously continue to surge as shorts cover and longs pile in. Sorry, ain't gonna happen. - Jeff

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next