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Technology Stocks : Silicon Graphics, Inc. (SGI) -- Ignore unavailable to you. Want to Upgrade?


To: Ms. Baby Boomer who wrote (10990)5/21/2003 8:35:33 AM
From: Larry Brew  Read Replies (2) | Respond to of 14451
 
Maria, I mentioned nothing about hedge funds shorting SGI.
I fail to understand why hedge funds are always assumed to be the shorts. My broker has suggested I short, but I don't like expiration dates. I can hold no problem. The number of 2.59 million shorts for May is accurate. Trades
in SGI are well within the retail investor's shorting reach. Short position IS 1.3% of float currently at 198.5 million shares. Last month's short position was 2.72 million shares. My friend shorts and covers 50k shares of
QQQ's on a regular basis. Out of my league, but I don't
have 3.5 million to play with. I'm a 6 figure guy.
Larry