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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: charlie mcgeehan who wrote (21933)	1/16/2000 8:11:00 PM
From: Ron McKinnon	Respond to of 53068

charlie KIDE I don't think it has a prayer of going back to near 100 frankly, i'd be surprised if it did more than 40-50 unless some new big news hits and the shorts cover along with the mo mo jumping in board I'm intreged with it now because; as of Dec the short interest was almost 75% of the rather low 5.2mm float the hedge funds may be waiting for 10 or less but I think retail shorts will cover way before then 20 may well be a bounce price, a least for a pop the only thing I wonder about is if the huge short interest included big insider shorts as a way to have sold their shares at a high price without having to file with the SEC there are ways to do that if so, they could cover without running the price up I'vs scalped it a bit in the last week or so and hold a few shares right now it's on my front screen for the next week high rish/ high and fast % reward potential imo a few others I'm pondering right now (along with the financials) ASDS CFLO MDCM CMRC in the 120-140 area CMGI, but a lot lower DMRC CNC I scalped this last week and hold some; may add Paul's WHC RRRR short RETK for a small 1st piece STMP for a fast turn flip LU + AOL for 1/2-2 point scalps; AOL for a gold near 55-57