Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Zenith - One and Only -- Ignore unavailable to you. Want to Upgrade?

To: Robert Utne who wrote (3644)	12/15/1997 11:14:00 AM
From: Scott Lerner	Read Replies (1) \| Respond to of 6570

Re: Shorts and hedge funds What if the big short seller is a hedge fund? This would explain why the serious selling pressure with the big 100M share blocks offered on the ask side. This fund would want to keep the stock down till the 31st since they get compensated on the funds performance. Take this morning as an example, the stock opens higher and the buyers are moving it up. Not a seller in sight. All of a sudden, the short is offering 110M for sale. Almost immediately, the buyers disappear and the stock is forced back to unchanged. If the short wanted to lock in his gains and cover, the stock, IMO, would move up 30-40-50% easy. There are very few legitimate sellers out there. sincerely, Scott