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To: The Prophet who wrote (17720)	12/28/2000 8:52:14 AM
From: im a survivor	Read Replies (2) \| Respond to of 60323

<<This means that if and when earnings growth gets on track, we may see a reasonably pretty short squeeze (though certainly no RMBS).>> So I assume you feel as though RMBS will take off northward eventually?? Hope so....I am pretty underwater with it...... TIA Keith

To: The Prophet who wrote (17720)	12/28/2000 10:31:43 AM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 60323

Prophet, regarding short positions, an important statistic is the ratio of the total short position to average daily trading volume. Even with a short position exceeding 2 million shares, this is hardly worth worrying about, or using as a basis for the notion that the stock would rise greatly if all the shorts had to cover suddenly. What one looks for is a stock with a short position equal to several days trading volume--even a couple of weeks' volume. But even more important is the bias of analysts who follow the stock. Right now, most of that bias is against SNDK. When that bias changes (we'll know AFTER, not before), the stock will recover rather quickly. Art

To: The Prophet who wrote (17720)	12/28/2000 10:33:19 AM
From: limtex	Respond to of 60323

TP and thread - This short position thing may be related to the SSTI short position. SSTI now has one of thetop 20 biggest short positions on the NAZ despite its peformance. It's management came out and stated that they were happy with estimates of $2.6 eps for cal 01 but the stock still sold off and is stuck at around $11-$12. Down from a high of over $30. I have no idea how you ever get rid of a short position like that or if indeed you ever do since you need some strong institutional buying to move the stock. In this climate that is unlikely as the big leaders will get it first and small cap is usually last. So my guess is that if you are a small cap stock once you have got a short position like this it is forever as they just won't relent. The money is too easy especially when out of the blue you get downgrades. Also the daily volume. Is nearly 2m share a day normal. Anyone else ever seen this before? Best regards, L