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Technology Stocks : Intuit -- What's Its Future? -- Ignore unavailable to you. Want to Upgrade?


To: chirodoc who wrote (768)12/7/1997 12:05:00 PM
From: Mike Farrar  Read Replies (2) | Respond to of 1546
 
SHORT SQEEZE

Intuit renup was a short sqeeze attributed to the Barrons article
and the big tech jump Friday. Intuit has a P/E of 117 and a book
value of 3.41. If the market tanks out again look for this stock to
be in the mid to upper 20's soon. Intuit has a 2.1 million short interest.
Next week a lot of these shorts are going to retake postions and
I expect it to be in the 30-31 range by the end of the week. I am not
a bull or a bear but just a small investor trying to make some
money.

Jeff