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Technology Stocks : IDT *(idtc) following this new issue?*
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To: blankmind who wrote (3409)4/4/1999 2:49:00 PM
From: Hawaii60  Read Replies (1) of 30916
 
I believe most of it (the increased short interest) can be attributed to folks who were already short, increasing their short position (or averaging up, so to speak). In coming to understand the mindset of the short, I now understand that they believe just as fervently and get just as caught up, as longs do. To them, if they shorted at 12, well then, an opportunity to short at 18 cannot be passed up. They then hope to cover the whole thing at 15 or better. Actually the more short interest the better. Although it keeps the price lower short term, ultimately it will really help rocket the stock. These same people will cover like CRAZY at 20 or above and covering alone will have us in the mid to upper 20's IMo
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