CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS Message Board

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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS

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To: Just My Opinion who wrote (267)	9/12/1998 8:01:00 PM
From: Cavalry	Read Replies (1) of 1637

look at disney dis in july the short position was 104% of the float it is back down to 35% or so that means 65% of the disney float was shorted and covered between 7/8 and 8/8 going to get daily price chart to see if price rocketed up during this month of covering or if they covered into a selloff. that means they were short 210 million shares and covered 140 million shares of that, that's a chunk of shares Short Interest Month Shares(Mil) %Outs.%Float Days 08/10/98 71.733 3.501 35.724 10.681 07/08/98 210.711 10.285 104.936 19.312 06/08/98 71.136 3.472 35.426 11.641 05/08/98 72.225 3.525 35.969 11.146 Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 07/08/98 9,606,060 35 15/16 35 3/16 35 3/4 07/09/98 12,946,060 36 3/4 35 13/16 36 3/4 07/10/98 15,502,200 38 1/2 36 1/2 38 5/16 07/13/98 15,052,600 39 9/16 38 7/16 39 3/8 07/14/98 12,537,300 40 3/16 39 5/8 39 15/16 my guess is chunk of covering was over here could the 3 for 1 forward split disney had have been the catalyst that triggered the covering? cav

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