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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (25704)	11/18/1997 5:38:00 PM
From: Jeffery E. Forrest	Respond to of 33268

Yep, Chambers is a smart cookie. You don't build a company like Cisco in the short time he did it by being slow on the draw. What is the short interest on RACE? I don't know if you ever read that short interest article from Barrons that I posted on the Ghost thread, but it was a goodie. (posted it a LONG time back so you may not have read it or remembered it if you did.) It basically said that a company that was heavily shorted usually had VERY good reasons behind it. They had studied the correlation and made a great case for staying away from (or shorting) stocks with a high short interest. They used WDC and APM as examples. This was a few months ago when most folks semed to think that Both companies were out of the woods and any problems with the DD makers were company specific (ex.-SEG) They had a formula for screening out noise from the short interest figures. I can't recall exactly how they set up the screen. I'll see if I can find the article. It was a great piece. It also attacked the notion of a short squeeze which, as you may know, was music to my ears. (I don't believe in 'em.<G>) I'm obviously exagerating, but I see hopes and dreams pinned on short squeezes all the time and rarely do they actually happen. It just don't work thatta way. RACE looks like it could be a good speculative play at these levels. It just can't seem to find a bottom. (I've fallen and I can't get up.) Good luck. Keep your fingers crossed and on the trigger (if you can do both things at once.<GGG>) This pup isn't a stock for widows and orphans. I'll post a breif TA as soon as I get todays data.

To: MulhollandDrive who wrote (25704)	11/18/1997 6:54:00 PM
From: Jeffery E. Forrest	Read Replies (1) \| Respond to of 33268

bp, looks like "test-time". It appears that dear ole DataRace is trying like hell to hammer out a bottom. If it can hold that low from a few days ago, you might get a little bounce out of it. I notice that there was only a 1/16th spread towards the end of the day. Is this normal behavior? If it does indeed pass the test you might have a good trader here. Only takes an eighth or so to make a nice little profit when you have a 5 dollar stock with a 16th spread. Stochastics look like they're ready to flash a BUY signal, (they've looked REAL sick for weeks) Momentum has also bottomed out a few days ago and turned up pretty good. Nothing earthshattering right now, but I would expect some sort of definitive candle in the next few days for better or worse. It looks encouraging though. Might get back to 6 1/2.