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Technology Stocks : Davox
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To: Patrick Sharkey who wrote (344)8/10/1998 10:27:00 PM
From: Doug (Htfd,CT)  Read Replies (1) of 439
 
Patrick, somebody has been selling DAVX short heavily in the last month or two. If the data at yahoo.marketguide.com is correct, the short interest in DAVX increased from 298 thousand shares in June to 575 thousand shares, over 13% of the float, in July.

This is consistent with the theory posted by "valueonly" on the Yahoo board, that a hedge fund sold DAVX short, beginning a price drop that panicked some funds into selling into the fall, driving DAVX way below fair value. At which point, insiders and other funds bought lots.

It would be fun to see a short squeeze.

Doug (long DAVX)
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