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To: Ron McKinnon who wrote (49556)10/23/2003 2:43:58 PM
From: BWAC  Read Replies (2) | Respond to of 53068
 
CREE, just fyi neither Brown nor AMTD has shares available to short.



To: Ron McKinnon who wrote (49556)10/23/2003 6:26:02 PM
From: DanZ  Read Replies (1) | Respond to of 53068
 
I didn't buy back any of the MTXX that I sold today. Was hoping for 13 or less to start buying again. I don't think that the shorts are going to give up that easy. My guess is that they will make another push to move it down. The problem for them long term is that the company is doing so well that there aren't enough sellers to keep the stock down after they push it there. The buyers are basically taking advantage of the cheaper prices that they provide. They're sunk in my opinion. I think that MTXX will trade into the mid to high 20s next year if the company just meets their guidance. The MTXX shorts are in denial, but they may have gotten a wake up call today. The company absolutely blew out their third quarter earnings. The volume today was 1.6 million shares and the stock closed up 2.16 (18.5%). There hasn't been that much volume in MTXX since the big rally in early 2000 that I can remember. The 30 day average volume is around 50,000 shares although it ticked up to 71,000 recently.