Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: brad greene who wrote (15085)	10/6/1999 2:43:00 PM
From: David	Read Replies (1) \| Respond to of 26039

I think there's a good deal of short selling, for a couple of reasons. First, if I remember correctly, ASCOM filed to sell about half a million shares of their five million (last time we saw a filing), and about 200K shares have probably already been sold. Given the million plus shares traded today, ASCOM couldn't be accounting for all that selling. Second, it's very predictable given the lack of underlying good news like a major PC OEM, that this is a spike. Traders can understand that, and so we are probably seeing an increase in the short position in IDX. I'm just enjoying the fact that Bill W. was so dumb that he shorted on yesterday's preannouncement and not today's CNBC interview.