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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Michail Shadkin who wrote (333)	5/7/2001 11:11:19 PM
From: John Lacelle	Read Replies (1) \| Respond to of 6873

Hey Michail, If you were short a POS that people keep buying and your position were deteriorating, would you try to wait it out or cover and take your punishment? -John

To: Michail Shadkin who wrote (333)	5/8/2001 6:33:24 AM
From: Bocor	Respond to of 6873

250,000 shares of insider sales last month on SKIL. Makes you wanna say mmmmmmm.

To: Michail Shadkin who wrote (333)	5/8/2001 10:17:40 PM
From: rupers	Read Replies (1) \| Respond to of 6873

SKIL - pretty tight float, even though insiders sold 250 thou recently. Excuse the shoddy math, but this is what I figure: Shares outstanding: 13.4 mil Public float = Shares outstanding, minus shares controlled by insiders, restricted stock and shares held by 5% owners (or owners who hold more than 670 thousand shares) = 4.2 mil None of the institutional investors hold more than 5 % of the outstanding shares (the largest institutional shareholder, TCW Group, holds 637.2 thou shares, which is just under 5 %) Institutional investors hold 3.278 mil of the 4.20 mil (public float) shares Thus, leaving just under 1 mil shares in public float held by non-institutional shareholders. There are 249 thou shares sold short, or about 5.9 % of the public float. Until those insiders or institutional shareholders really start selling, it's tight, and I imagine some of the short sellers are or will be getting squeezed or running out of patience.