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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (2353)	9/17/1999 10:28:00 AM
From: sandshark	Read Replies (1) \| Respond to of 2514

I think the short interest numbers are suspect. The number only changed by a few thousand shares from last month. I believe there is a huge position short against the box. I also believe that one clearing firm in particular has been reporting a wash position as naked short because of varying account types. How else can one explain the complete lack of upward momentum even with news or attempted squeeze plays.

To: Tom Hua who wrote (2353)	9/17/1999 10:59:00 AM
From: Kip518	Respond to of 2514

Kip, don't you think the large short interest provides pretty good cushion against a quick collapse? Tom, I'm not really expecting a collapse. That would take some kind of catalyst that I don't see (as a story stock, CUST/ZIXI/Cook's story can be continuously extended until credibility or the market fails) and, you're right, shorts are likely to support the price on declines (and reshort on bounces). Rather, I expect the decline to single digits to be a like a ball bouncing down stairs. I'm not like Trader Tim, in this to grab a point or two. I have (for me) a rather large short position that I will simply hold until I see a good reason not to. Patience wins this one, IMO. BTW, looks like you & the poet are right about today. CUST is in the thrall of the 30 strike.

To: Tom Hua who wrote (2353)	9/17/1999 11:01:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 2514

Tom, I have noted that stocks that have a large short interest can collapse just as quickly as a stock with relatively few shares short. CLCX was an example of this. I'm sure AMPD had an extremely large short interest, although it was not reported. But that was because it was trading at ~2 when the numbers were tabulated. IRIQE (IRID) had the largest short interest I have ever seen, reported as 13.004 million on a float of 18.9 million. It did not stop the stock from utterly collapsing. I would agree with your generalization in the absence of a catalyst. I would add my observation that high si stocks have higher dead cat bounces than stocks with low si. But stocks with high short interest get that way for a reason. For some reason I think that CUST will close within a few ticks of 30 today. Regards, Barb