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 : LUMM - Lumenon Innovative Lightwave Technology Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Fred McCutcheon who wrote (1298)	12/16/1999 7:41:00 PM
From: russet	Read Replies (1) \| Respond to of 2484

I've been told by brokers that it is quite common for holders of PP's to sell the stock they hold short if the stock goes on a run. They use their PP shares to cover the short,...thus it is called a covered short. Other people have told me these "covered shorts" do not show up in short reports published by news media. A PP holder doing this can lock in a profit if a stock runs up to higher levels. When the trading restriction is removed, they can use their PP stock to cover the short, if they haven't done so already by buying in the open market.

To: Fred McCutcheon who wrote (1298)	12/16/1999 7:49:00 PM
From: Bob Burke	Read Replies (1) \| Respond to of 2484

Fred as a investor/lurker in a company that had a run going and bought at 26, and bailed out after a retraction from 40 at 37, who questions revenue compared and/or projected for the next year certainly would accept the fact that this stock is pushing future multiple's. The stock may or/not be being shorted, but TA say's it's over valued compared to other R&D Co.'s that are on the road to the real world. Disclaimer: I'm still holding some long shares and think I'm going to be down money for over 6 mths.