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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Techplayer who wrote (36704)11/1/2000 2:38:16 PM
From: Softechie  Respond to of 56535
 
Short interest for WCOM is 35,994,509 shares as of 10/24/00. It has been increasing steadily for last few months. Now I believe they're taking this opportunity to cover and go long. I wouldn't want to short it except I expect the company to go bankrupt which is very very unlikely. White knight may be coming but doubt it due to monopoly regulations. I've been eyeing this sucker and waiting for the final shoe to come off and today it did.