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Technology Stocks : DianaCorp (DNA)-Hype is over- Respect begun- Many shorts
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To: AngelM who wrote (96)2/16/1997 8:59:00 PM
From: Haolin Ni   of 201
 
Hi, AngelM. It is not as you thought there are a lot of shorts in DNA now. I tried to short DNA when it dropped to $40 from $120. I was told no shares available by both E*trade and NDB. When it hit 26 I was told DNA shares were available by E*trade and last week NDB told me DNA shares were OK to short now. Therefore, I think most of the shorts had covered, who are the buyers recently. I think DNA will hit $5 soon since there is few shorts to cover DNA now. It is better to sell DNA now than after it go back to $5 although it is far too late.

By the way, I have no position in DNA now, short or long.

Good luck!
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