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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: arnold silver who wrote (2613)	7/15/2003 5:34:21 PM
From: Ken W	Respond to of 23958

Arnie PTN: Looks to me like there is a hedge fund playing this stock, both to the long and short side. Short interest went way up as of the June report (nearly 200k shares) When they could not get it to break they had to cover. PTN's cash position increased dramatically in the Mar. 03 report even though the loss per share increased. If I were short I'd be nervous too, since they could get their FDA approval at any time. With the low volume on the stock per day a short seller could get blind sided very easy if the long side daytraders hit a news release. As an example look at EASY...Shorts thought they had it in the bag on delisting..........got their heads handed to them. Ken