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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (8973)12/3/2000 8:02:46 PM
From: ChrisJP  Read Replies (1) | Respond to of 11130
 
I agree.

If EGGS is any indication, some stocks at $1 still have large short positions. 7 times its daily average volume.

biz.yahoo.com

So .... if they are still short at 1, but are long gone by .25 .... they must cover somewhere in between.

Stocks $1 or under with large short positions. Now that would be an interesting scan !

Chris



To: Wayne Rumball who wrote (8973)12/3/2000 9:30:27 PM
From: JD  Read Replies (1) | Respond to of 11130
 
If they have not covered it is probably for tax reasons.....unless they have elected trader status (mark to market accounting for end of year here in US), they will not have to recognize gains until they have covered.


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