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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Bob who wrote (63524)	9/30/1999 5:48:00 PM
From: R.E.B.	Respond to of 90042

bobp, I agree 100%..... except I have not seen any covering. I've only seen more shorting each month. Just eye-balling the short position a year ago through today, I would say that the average share of PIOS was shorted at $10 - $11 over the past 12 months. After talking to PIOS media relations, I don't think anyone over there believes their stock is headed that low ever again. Plus, if there has to be a strain on capital if the shorts are subject to the "150%" rule like I am as an individual. Meaning, after I short the stock, I have to have buying power equal to 150% of the price of the stock (as listed each day) which means I must keep the cash I get on the short and add 50% to it until it goes down. If it goes up I have to keep putting in money each week as the stock goes up.... my god, these guys (and gals) have to be puckering their butts right about now......