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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (21395)	7/24/2001 7:02:04 PM
From: ajtj99	Respond to of 30051

Zeev, a buddy of mine has been engrossed in AREM for the past year, and those are the figures he gave for the peak numbers short for AREM. I agree the present number is closer to 12-million shares short. He's an AREM zealot. When I saw the earnings release was delayed, it made me believe the stock may still drop more. Good companies do not normally delay earnings releases, especially a couple days before the scheduled release. The 12-million shares short are pretty consistent with what's been short the past month. The thing that is scary about AREM is the web they spin in their corporate structure. We are not too far removed from the L&H fiasco in Belgium, and things like that stay pretty fresh in my mind. If we get in a nice bounce like the run we had from 1934 to 2105, AREM should do great. If we get something like you're expecting this week, they may not move much at all with the delay in earnings reporting.