Glenda:
Waiting for a dip...I'll be
back.
I thought I knew it all and was waiting for a dip on a small short position at 178.
At 188 I said I was waiting for 172. At 195 I was waiting for 178.
At 202 I got out and went longer. This thing has a life of it's own.
I show you the type of money that has been won by the longs vs the shorts.
It looks like a cool 1B was lost by shorts and won by longs.
The scary fact that 150K shares traded at 2:20 PM and price went up 5 pts.
Look at two estimates using today's stock price
1) no short covering.
2) Short covering to get back to old indebteness of $750 M.
Report Shares Price @ Value of
Date Short Date Short Position Change
1/12/99 979865 95 $93,087,175 N/A
2/9/99 2106081 72.2188 $152,098,643 $59,011,468
3/10/99 3184899 74 $235,284,414 $83,185,771
4/12/99 5061081 68.875 $348,581,954 $113,297,540
5/11/99 6146451 65.5 $402,592,541 $54,010,587
6/10/99 4486805 85 $381,378,425 -$21,214,116
7/12/99 5142644 91 $467,980,604 $86,602,179
8/10/99 5037488 85.625 $431,334,910 -$36,645,694
9/10/99 5714448 91.875 $525,014,910 $93,680,000
10/12/99 7726843 74.63 $576,654,293 $51,639,383
11/9/99 8697264 90 $782,753,760 $206,099,467
12/10/99 8923050 71 $633,536,550 -$149,217,210
1/10/00 8761205 84.75 $742,512,124 $108,975,574
2/10/00 8761205 89.5 $784,127,848 $41,615,724
2/24/00 8761205 212 $1,857,375,460 $1,073,247,613
2/24/00 3500000 212 $742,000,000 -$1,115,375,460
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