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Technology Stocks : GX Investors Thread -- Ignore unavailable to you. Want to Upgrade?


To: BWAC who wrote (85)8/22/2001 9:24:25 PM
From: Sweet Ol  Read Replies (1) | Respond to of 586
 
The 8/15 short interest is a week old. At that time it was about 6. That means that the shorts have a lot of profit to protect. Volumes have been fairly high this week, so some of them may have already covered. But, as soon as it makes a move up there will be a nice rally as the shorts all race for the exits at the same time. Could be a good trading opportunity soon.

If GX is really OK, then those shorts represent a lot of buying potential that will shoot it right up when (and if) it starts a significant move up. There are a lot of itchy trigger fingers waiting to see the bottom.

Best to all,

JRH