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Technology Stocks : Williams Communications Group - WCG -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (351)	2/4/2000 7:17:00 PM
From: samoyed	Read Replies (1) \| Respond to of 609

This should scare MB, but maybe make him feel good because he sold out recently. HJames, did you get that info. from thestreet? I use them and they have good research. I had not checked shorts lately though, so here is my take. Thanks for keeping me awake. One large trade today 177,300sh @ 38 1/8. Down today on half normal volume. Short interest increased from 1.026M (3.46%float)in Dec. to 4.63M (15.65%float)in Jan. or you could say that short interest is up 400% Jan. over Dec. Sounds like a lot, but with only 29.6M sh float, could we see a short squeeze coming? Feb. short data should be out in a week or two. No doubt they (shorts) are taking into account the recent runup in the past 50 days and trading near 52 Wk high (recently set, multiple times). In the last 30 days there have been two downward earnings revisions (mean is revised down only 1½). The stock could (or not) see a short term drop if more shares put into float (spinoff) in April. With the shorts holding .999% of the outstanding shares, and 15.65% of float, I will be a holder and buyer on dips if they can take it down much (I just hope they can still borrow some shares for me to buy). The co. is adding deals aggressively. and is an execellent long term hold, the co. is a prime buyout candidate, so I will be contrarian and hope others will be to. I think we could see a squeeze here as I don't think many of them have done their homework on this one. Soon they will be posting their negative prevarications here to scare the longs out of their stock (which they will soon need) and I can only suggest hang in there...it could be a fun ride. They have earned dollars to loose and many of we longs only have profits at risk. Quite possibly they have come and gone already, but we have not seen the downtrend they need to exit. Don't forget, that at avg. volumes, they are out 6+ days and the drop we saw on today's volume would put them out 12 days. Bad news shorts no one was selling...they have their necks out on this one, I'm betting on squeeze here. If they were short bonds yesterday, we could see the squeeze soon. Opinions? õ