SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?


To: Adrian Wu who wrote (984)6/25/1999 10:14:00 PM
From: Shtirlitz  Respond to of 2514
 
<<The increase in short interest to over 1 million
ensures that there is a nice cushion on the downside, with a big potential on the upside.
Consider that there are 15 million shares outstanding, >60% held by institutions and
insiders. That leaves about 6 million in the float of which 20% has already been
borrowed by the shorts. Any significant news will cause a serious order imbalance.
Market makers have learnt their lesson and would hike the ask price rapidly, rather than
taking up short positions themselves to fill the orders. >>

Who are you kidding? Only for the past 2 days volume was around 7 million. So what?