Simula (SMU) Message Board

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Non-Tech : Simula (SMU)

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To: greentree who wrote (1248)	7/31/1998 2:05:00 PM
From: Francois H. Gaston	Read Replies (1) of 1671

Short squeeze coming up? I believe that over 857000 SMU shares were shorted in June of this year. This represents a fairly large % of publically traded shares, especially when average volume of shares traded per day is only about 50000... If SMU has a good quarter, and if they decide to hire a well known PR firm (they need it badly!)... then shorts will be squeezed. I have a feeling that some might cover this afternoon as the recent news (CNN, Bloomberg and so forth) should bring fresh blood to this battered down stock, especially after the weekend, when new comers will see this stock flash on their computers... after 2 white candles and to gaps at the open (hopefully we will have a white candle today). We will see. CNN "rebroadcasted" the same segment this AM, at about 6:40 AM this time. Good luck all. FHG

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