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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: ynot who wrote (23492)9/8/1999 2:15:00 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 68380
 
ynot,

My broker says that RHAT is now a restricted stock, no more shorts are allowed. Most of the move is probably due to short covering. My broker thinks the restriction may be because the short position was equal to the float.The restrict went in when RHAT was in the 75 range. I have not been called yet, but my mental stop loss have been triggered. Since Clint has called a short term top on the market, I will wait a few days before deciding when to cover.