IBD Short Interest 2,791,207 vs. 2,744,196 +2%
Date Volume High/Ask Low/Bid Close
07/15/98 460,100 10 1/16 9 13/16 10
07/16/98 917,100 10 3/4 10 10 11/16
07/17/98 1,127,700 12 10 3/4 11 15/16
07/20/98 2,074,500 13 13/16 12 5/8 13
07/21/98 1,311,100 13 9/16 12 3/8 12 13/16
07/22/98 632,900 12 3/4 12 1/8 12 1/2
07/23/98 827,300 13 15/16 12 3/8 13 3/4
07/24/98 966,400 14 9/16 13 3/8 14 3/8
07/27/98 1,447,900 16 3/4 14 1/4 16 3/4
07/28/98 1,050,900 16 7/8 15 5/16 15 5/16
07/31/98 756,300 17 1/8 15 7/8 17
08/03/98 389,400 16 5/8 15 1/2 15 13/16
08/04/98 11,371,900 12 1/4 5 5/8 10
08/05/98 2,298,300 9 9/16 7 13/16 8 3/8
08/06/98 1,333,200 9 1/4 7 7/8 9 3/16
08/07/98 1,127,900 10 9 3/8 9 11/16
08/10/98 315,500 9 5/8 9 9 1/2
08/11/98 738,300 8 5/8 7 5/8 8 1/2
08/12/98 639,900 9 1/2 8 7/8 8 15/16
08/13/98 463,300 8 5/8 8 8
08/14/98 2,891,300 8 4 13/16 6 1/4
08/17/98 1,203,800 7 5 1/2 6 7/8
08/18/98 995,800 8 1/4 7 1/16 7 3/4
08/19/98 928,400 8 1/2 7 11/16 7 7/8
08/20/98 1,173,000 7 3/16 6 1/8 6 7/8
08/21/98 408,100 7 5/16 6 3/8 7 3/16
08/24/98 246,500 7 1/4 6 3/4 7 1/16
08/25/98 297,900 7 1/4 6 5/8 7 3/16
Assuming the source of short interest is accurate as of the close
on 8/14/97, which was a pretty volatile day, there has been no net
appreciable covering or expansion. Wish the figure was available
more frequently than monthly. Maybe the smart shorters are covered
now leaving the lemmings vulnerable? That may have happened to those
who followed the Business Week mention on June 8.
IMO, increase in float and increase in daily average volume (fewer
days to cover) diminishes short squeeze potential.
Finally something John G & I can agree on: <We'll know eventually which
side of their mouth is telling the truth.> Thanks also, I think,
for your annotated translation of the Welt article.
John, would you get us a citation for Asensio's assertion of the
<UNDP's condemnation>? After messing up on Dr. Ben-Dak re GTI (he
left the company when the Compaq folks signed on before the stock ran
up), you don't expect reasonable people to swallow everything he says, do you?
Mike C. |
