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Technology Stocks : Nanophase Technologies (NANX) -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (18)12/28/1997 2:09:00 AM
From: taLuis  Read Replies (1) | Respond to of 322
 
<< I'll be shorting this run up on Monday. >>

The float on NANX is 5M. Small enough for the MMs to play games with the price. I'm also planning to short on Monday, but am bracing myself for one heck of a ride. Truly not for the faint of heart.

If the MMs see significant shorting at the open, I wouldn't be surprised if they run it up a bit more and pull a short squeeze. I've seen it happen before, and it could happen here.

Good luck to everyone, however you play this one on Monday.

Luis



To: Mama Bear who wrote (18)12/28/1997 3:21:00 PM
From: larry  Read Replies (1) | Respond to of 322
 
Barb,
I think that the short interest in NANX has risen up quite a bit since mid-November. Rarely do I short stocks but this really remind me of GERN, ACCM, and of course the infamous SHDN. All of them had a burst of spectacular runa dn then settled down for lower within a couple of days. I did not take any position on Friday (would have if I knew it by then) but will probably short it on Monday. So can you tell me soome strategy of shorting a stock like NANX?
By the way, how is your short on YHOO going? I believe that it will probably crash in early Jan when people take profits and the shorts have covered their positions.

good luck,
larry