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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: George Dawson who wrote (22124)	5/27/1999 9:33:00 AM
From: donald sew	Read Replies (1) of 29386

George, >>>> Short Interest for May is 398,339 compared with 324,206 in April and 305,206 in March. (from nasdaq.com) <<<< Compared to the outstanding shares of 24.1 million, the short interest is only 1.65%, which is not large. Also, the increasing number of shorts may be a bullish indicator, rather than bearish, from a contrarian perspective. Keep in mind that the greater the number of shorts the greater the possible move to the upside, but since the number on a percentage basis is not large I dont think it is a real issue. seeya

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