Pixar Animation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Pixar Animation

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stephen who wrote (2042)	12/26/1998 9:08:00 PM
From: Francois H. Gaston	Read Replies (1) of 3261

Stephen: I agree that "pro-shorters" might let it run, but I disagree with the concept that a lot of short covering has occurred Thursday: in fact, only 217,800 shares were traded Thursday and I imagine that at least 3/4 of shares bought were NOT short covering but simply buy orders because (a) B.O. numbers are looking great, (b) Christmas Weekend might be good for ABL and (c) PIXR was exploding up at the end of the day. Compared to about 2.5 million PIXR shares short a month ago (I don't have the December data as it was not published in this week's Barron's) the number of investors who might have covered Thursday is simply minuscule at this point,... but in the meantime, PIXR share price rose quite a lot. Sellers might be drying out. We will see if that is true, soon. Knowing how crazy this market is (see Internet stocks), I'd rather be long PIXR than short at this point! We will see what happens this coming week. Agree that shorts could come back in a hurry, especially if this stock market crashes but they will have to fight some investors who are getting bullish on PIXR and will have to find some shares available to short...! François

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next