SI
SI
discoversearch

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 : USRX
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Janice Shell who wrote (12510)2/21/1997 1:47:00 PM
From: Phil Cooper   of 18024
 
Janice...Institutional sellers of USRX have been relentless recently, but so far have demonstrated no interest in driving the stock below the 59 level. What we have to fear here is that a panic sell of some sort pushes the stock into technical oblivion below 59. If this were to happen, institutional selling would probably accelerate.

On the bright side, I'm fairly certain that short interest in USRX has risen considerably, and that many of these shorts are very weak. All that's needed to turn "The Bot" around in the short term is for something to put the fear of God into these weak shorts. The set-up seems perfect to me, but we need a catalyst. An improvement in market tone wouldn't hurt either.:)

Phil
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News