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To: Alastair McIntosh who wrote (2163)9/21/2002 9:35:13 PM
From: Return to Sender  Respond to of 13403
 
OT: Alastair, I have to say that is on paper a hell of a good looking company. My only concern is the high number of shorts:

biz.yahoo.com

Why is 25% of the float being shorted? More than likely they think the financial outlook is questionable. The shorts must think so in a big way and they are almost always right.

I have seen this happen so many times over the last few years. ESST is one of the latest companies that cost me big dollars. The stock basically went nowhere despite the company beating estimates for many quarters in a row. This was happening with almost 50% of the float sold short. No lasting bounce ever came:

biz.yahoo.com

Now recently the company admitted that competition was a real problem in their most recent earnings warning:

biz.yahoo.com

Anyway, I'm not sure TTIL is suitable to my own long term portfolio although I sure as hell am wrong more often than I am right. In the event that it falls below $4 a share we should discuss the stock again:

stockcharts.com[l,a]mhclyiay[d19950101,20021231][pb50!b200!d20,2!i!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G

Got any others we can look over?

Thanks, RtS