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 : Read-Rite -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (4944)	8/25/2000 5:30:27 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 5058

Chris, a classic action, pull back to the breakout (the Jan high of $6.75) and launching back, in the process forming a dragonfly doji, that does look very bullish, the only fly in the ointment is that the volume is not even a third of yesterday's volume, but I can live with this. Zeev

To: Skywatcher who wrote (4944)	8/26/2000 12:49:52 PM
From: Diamond Daze	Respond to of 5058

Yep what a tug of war....the shorts had it there way for a few years. What is interesting is the short position has increased to 24 million. 12.14.65.32 It looks like institutional holdings and Funds looks like that accounts to 33.5 million shares. So there is still quite a float out there about 28 million shares. If everyone hung on now that would only leave 4 million shares for the shorts to fight over..of course it will never come down to that...some one will let them out. I suspect the trades of 500,000 shares on Friday were indeed some shorts being let out. Some institutions had bought plenty in June...looks like 100-150% gain they may well have been happy with that....DD