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Microcap & Penny Stocks : USRF - Wireless Internet Access

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To: Sly_ who wrote (627)1/23/1999 4:17:00 PM
From: xbrent   of 956
 
Average volume for USRF 155k. Over 500k on friday, over 400k on thurs.
Lots of accumulation, dried up float, why sell the number one category in the market? I am beginning to think that $15 this week might be too low a projection. I would think that the MM's would be flat on this one as they would be nervous about having much in the way of naked shorts, but thats a guess. I don't know the short positions but being a retail short in a wireless internet would be dumb but America Online had a ton of shorts a year ago who were severely burned.
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