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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 (25851)11/20/1997 2:36:00 PM
From: drakes353  Read Replies (2) | Respond to of 33268
 
BP:

Make that 15, 15 3/16, 15 1/4, 15 3/8, it is just flying. Nope I shorted RACE again a few weeks ago above $7 and a little bit more on the way down. Going forward a nice place to initiate shorts should be just over the strike price for the new warrants ($6.435). As long as RACE is trading at more than 1.1x of the 5 day average closing bid and above $6.435 they can short at will. Until that supply is worked through that level should cap any rallies, should RACE get frisky. Shorting above the warrant strike on the last deal would have worked like a charm.

drakes353