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Microcap & Penny Stocks : NBMX - National Boston Medical (was FGRX)
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To: Currency who wrote (277)10/20/1998 2:45:00 PM
From: xbrent  Read Replies (1) of 1286
 
8 million shares outstanding, float half of that or less. Has to be some kind of short position. I have heard numbers ranging to 7 figures. I don't know the answer, but if I had to guess I would think that something up to 500,000 shares short might be appropriate until we can find a better estimate. I would think that shorts would cover anytime we get into the .40's FGRX did trade for a while in the .40's and perhaps some could have shorted in north of .50 thus incurring short covering at that level or sooner.
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