OCCF: Optical Cable Corp Message Board

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Technology Stocks : OCCF: Optical Cable Corp

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To: Matt Kaarlela who wrote (369)	2/14/1997 11:59:00 AM
From: redbird	of 545

Matt, per this thread, almost 750,000 shares were short in January. Earnings were confusing end of year due to the company changing tax status. Taxed earnings this year were being compared to non taxed earnings last year. This quarters numbers are comming out soon and good numbers would further prove that the company is continuing high growth. Here is what I hope is happening. Shorters are getting nervous and trying to cover their short. No one is selling, so the price floats up. Each day it floats up, more shorters get nervous, etc. Even if the shorters were the buyers of every trade, it will take 5 days at 150,000 shares to cover. Lets say we are in day two. This still leaves 3 more days of price rise. Again, this is newbie logic but it makes sence to me. Redbird The future's so bright, I gotta wear shades.

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