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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?


To: hmpa who wrote (15165)1/8/2005 6:31:51 PM
From: Ian@SI  Read Replies (1) | Respond to of 52153
 
From: online.barrons.com

...
The Securities and Exchange Commission rule, called Regulation SHO, requires that any stock with at least 10,000 shares and 0.5% of the stock's float categorized as failed to deliver will be on the threshold lists. Brokers will then be required to cancel or close out short sales in these names, presumably through forced buying of the stocks.

Heavily shorted small stocks likely will show up on this list, and many traders have decided to speculate on potential upside "short squeezes" by buying them in anticipation. Early indications are that popular day-trader favorites and short targets such as TravelZoo, American Pharmaceutical Partners, Biosite, Pre-Paid Legal, Martha Stewart Living and Novastar Financial will be featured on the initial lists.

Let the games begin. But note that because of technical reasons, no genuine short squeezes are likely to occur for a couple of weeks.