SIEB Siebert Financial Brokerage Message Board

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Technology Stocks : SIEB Siebert Financial Brokerage

SIEB 2.740

-1.8%

Nov 3 3:59 PM EST

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To: Randy Elder who wrote (219)	4/9/1999 11:01:00 AM
From: Sun Tzu	Read Replies (1) of 284

You may be right, but if I am not mistaken, the recently issued shares were to buy another company. I doubt that the executives of the acquired company would so quickly dump all their holdings on the market. I will have to go and recalculate the float, but at the moment, the issue is academic; I called a few places this morning to see if I could short the stock. Nobody was able to lend me the shares, so any rise in the shares will be contributing to short squeeze. Furthermore, a lot of people made a lot of money shorting this stock at its run up, so I suspect that any short covering will be met with immediate shorting by those who remember the fall from 70, there by keeping the short squeeze on longer than anyone thinks. For now, I am sticking with my 100+ target, unless the market tells me otherwise. BTW, on Monday a lot of brokerages report. Their better than expected results should rise the stock even more. good luck, Sun Tzu

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