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To: Rarebird who wrote (27090)12/25/1997 2:04:00 PM
From: Ed's Head  Respond to of 50808
 
Rarebird: Rarebird: How many days to cover?

Short interest is simply the total number of shares of a company that have been sold short. The Fool believes that the best shorts are those with low short interest. They present the maximum chance for price depreciation as few short sales have occurred, driving down the price. Also, low short interest stocks are less susceptible to short squeezes

The significance of short interest is relative. If a company has 100 million shares outstanding and trades 6 million shares a day, a short interest of 3 million shares is probably not significant (depending on how many shares are closely held). But a short interest of 3 million for a company with 10 million shares outstanding trading only 100,000 shares a day is quite high.

Days to cover is a function of how many shares of a particular company have been sold short. It is calculated by dividing the number of shares sold short by the average daily trading volume. For example: one million shares of an issue have been sold short, it has an average trading volume of 25,000. The days to cover is 1,000,000/25,000, or 40 days.

When you short a stock, you want the days to cover to be low, say around 7 days or so. This will make the shares less subject to a short squeeze, the nightmare of shorters in which someone starts buying up the shares and driving up the share price. This induces shorters to buy back their shares, which also drives up the price! A short days to cover means the short interest can be eliminated quickly, preventing a short squeeze from working very well.

Also, a lengthy days to cover means that many people have already sold short the stock, making a further decline less likely. When a number of short sellers all try to "cover" their short at the same time, that does indeed drive the stock up.

The approach then when shorting is therefore to avoid in general stocks that already have a fairly hefty amount of existing short sales thus looking to never get squeezed.

good luck c-ya!



To: Rarebird who wrote (27090)12/26/1997 9:48:00 AM
From: Stoctrash  Read Replies (2) | Respond to of 50808
 
New Video Category, Digital TV Take Center Stage at Jan. 7 Press Preview

Be among the first to report on an entirely new consumer video product,
preview a next-generation palmcorder camcorder, and glimpse the latest digital
television technology as Panasonic consumer electronics
company introduces its
1998 line at the winter consumer electronics show, Jan. 7 at 4 p.m., booth
#N220, Las Vegas convention center.
Panasonic executives available during this special press reception to
answer questions on emerging trends in consumer electronics. Full range of
high-tech products from Panasonic, Technics and Quasar to be on display during
the show, Jan. 8-11, Las Vegas convention center.

Other Highlights Include:
-- wide range of new DVD products;
-- Technics' first surround sound decoder capable of providing both Dolby
digital and digital theater systems (DTS) multi-channel performance,
for cinema-like sound;
-- caller-id compatible cordless telephones that show caller's names right
on the handset;
-- new VCR that automatically skips previews and advertisements on
pre-recorded tapes and goes straight to the start of the movie;
-- car CD players specially designed to take the abuse of off-road or
extreme driving without skipping;
-- personal stereos that can play continuously for three days without
replacing the battery.

WHEN: Press Preview: Jan. 7, 4 P.M.
CE Show: Jan. 8-11, 10 A.M. - 6 P.M. Daily

WHERE: Booth #N220, Las Vegas Convention Center, Las Vegas

CONTACT: William Pritchard of Panasonic, 201-348-7182; or Bill Hawkins
of New Directions P.R., 609-951-2230

SOURCE Matsushita Consumer Electronics Company
/PRNewswire -- Dec. 23/



To: Rarebird who wrote (27090)12/29/1997 12:58:00 PM
From: DiViT  Read Replies (2) | Respond to of 50808
 
Cube inside...

Technology & You: PORTABLES

DIGITAL VIDEO TO GO

12/29/97
Business Week
Page 18E4
(Copyright 1997 McGraw-Hill, Inc.)


Want the notebook that has everything? Consider the $5,600 Toshiba Tecra 750DVD, the first to hit retail shelves with a built-in digital videodisk ( DVD ) drive. True, there's hardly any computer software available on DVD yet, though the drive also reads standard CD-ROMs. But on a long plane flight, you could plug in your earphones, pop in a disk, and watch a real movie instead of whatever sorry flick the airline is showing. Or, using the laptop's built-in video connections, you could plug it directly into your television set or videocassette recorder, making it a handy, if rather expensive, DVD player.

Aside from the DVD drive, this Toshiba's specifications are the same as the Tecra 750CDT that shipped a couple of months ago: a 233-Mhz Pentium, 32 megabytes of memory, a 4.7-gigabyte hard disk, a built-in 56 kilobits-per- second modem, and a beautiful 13.3-inch high-resolution display. It also includes a tiny video camera that clips to the case, plus Intel Corp.'s VideoPhone conferencing software.

If you do want to use the Tecra 750DVD to watch movies while airborne, you might want to shell out an additional $200 for an extra battery: The digital videodisk drive runs continually while showing a film, making for heavy demand on power.