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To: fut_trade who wrote (2163)	10/25/1997 3:23:00 PM
From: Peter Goss	Read Replies (1) \| Respond to of 27307

So what exactly is your point? Shorts have lost some money on paper, but they have not given up at all, and have in fact increased their positions slowly over time. You should realize that most stocks with high short interests have them for a reason - most short money is smart. It is a very dangerous assumption that high short interest is a bullish factor. When YHOO has returned to levels of 1/97 you will probably see a smaller short interest. What you should watch for is when that number goes significantly lower. That is a sign that the shorts think they have gotten as much out of it as they can and have covered. Dreaming of a short squeeze may make you feel better, but shorts are very patient, much more so than poorly informed longs who own a concept not a stock.

To: fut_trade who wrote (2163)	11/18/1997 7:22:00 PM
From: fut_trade	Respond to of 27307

Split-adjusted short interest levels since 1/97: Trade Date Short Int Close Float Out Sh ========== ========= ===== ===== ====== 11/10/97 ? 48.6 6.50M 43.1M 10/ 9/97 3,274,561 55.5 6.45M 9/10/97 3,037,463 53.3 8/12/97 2,883,578 34.0 7/10/97 2,852,056 28.7 6/10/97 2,934,864 21.6 5/12/97 3,434,336 21.8 4/10/97 3,372,533 21.8 3/11/97 2,293,112 17.3 2/11/97 1,958,554 20.9 1/10/97 931,695 12.8 Peter