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Technology Stocks : Osicom(FIBR)
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To: Bryon Bothun who wrote (9714)5/26/1999 12:12:00 PM
From: Bryon Bothun  Read Replies (1) of 10479
 
Short interest out-

FIBR: For trade date 5/11- 1471232 (April was 1705722) down 13.7% from Apr .

This is a clear sign from the shorts. Either the "old" shorts have traded positions with "new" shorts who are even dumber than some of us old longs, or they intend to go for a complete kill on this one. Just 2 days before this cutoff we closed at 7 7/8 which was the near term low established after the bounce. Shorts who did not cover then have no intention of covering EVER. It is not a question of IF another raid will come, the only question is when.

So I propose these two things. First, to FIBR longs, BUY PUTS! It is not enough to just be off margin or in cash. You must build a wall of support that makes it more expensive for the option traders to let it drop than it is profitable for the shorts to attack it.

To the company, (and I hope someone there is listening) Sell China. And concurrent with the the IPO (which is a must also) issue each shareholder one right for each share of Osicom stock that can be redeemed at some future date (say 180 days) at a very nominal fee (say 50 cents) for one share of NSIL.

The shorts are clearly looking for history to repeat itself with another mid summer swoon, DECISIVE action must be taken before this company slips forever into daytraders oblivion.

JMHO
Bryon
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