3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

0.0%

Nov 7 11:47 AM EST

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To: joe who wrote (23692)	11/1/1998 12:36:00 AM
From: chenys	Read Replies (1) of 45548

Joe: 8.8M shares short interest out of 350M outstanding is a drop in the bucket. Further, average daily volume is 8.3M, which means that all old shorts can be covered in one day. But new shorts must have come in, creating a totally new ball game depending on how much more shorts and how deep their pockets are. Since COMS is breaking out of a lower base, short squeeze won't play a major role, unlike AMZN, YHOO, AOL and the like, the short interests are usually 15-25% of their shares outstanding on their way up. This can cause frantic short covering and thus "irrational exuberance". I don't see it that in coms, however. -qy

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