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Technology Stocks : USRX
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To: damniseedemons who wrote (13640)2/26/1997 11:51:00 PM
From: Fred Fahmy   of 18024
 
Sal,

<<USRX is tied to COMS price. Not the reverse. Where COMS goes, USRX goes (as long as there isn't speculation that there will be a bidding war for USRX).>>

True and this is why you should have said that it is unlikely that all the shorts on WS will cover instead of saying "even if all the WS shorts cover...". If USRX's price gets ahead of 1.75xCOMS then shorts will feel less pressure to cover. However, the fact remains (based on supply and demand) that if for some reason ALL the shorts covered (as in your example) then USRX price would continue to soar probably well beyond the 1.75XCOMS price.

FF
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