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Strategies & Market Trends : Dawg's Place -- Ignore unavailable to you. Want to Upgrade?


To: Jack Colton who wrote (2392)8/25/1999 8:12:00 AM
From: Junkyardawg  Read Replies (1) | Respond to of 2751
 
Yes I looked at it.
I also saw that there are 10 million shares in the float
and over 3 million shares are being shorted.
This is a huge short interest and that is the reason the stock
is being held back.
In my opinion it will take some good news to move PCLN and if
it is good enough news the shorts will run for cover and cause a
huge spike up in price.
But that is the problem.
Is news coming?
Who knows.

I will probably get out of this one today unless we get some news.

As far as the accounting problem...I just don't know.
I find it hard to believe that the present management team is doing such a thing but obviously others think that there is a problem thus the huge short interest.

dawg