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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (1951)12/28/1997 1:44:00 AM
From: donss  Read Replies (4) | Respond to of 3696
 
I looked up the short interest for the last 6 months (WSJ -IE):
7/24/97: 1.27M
8/26/97: 1.11M
9/24/97: 1.55M
10/24/97: 1.68M
11/25/97: 3.44M
12/24/97: 4.31M

It looks like the short interest doubled just after UTEK missed their 3Q earnings on 10/23/97 and the Asian thing started. According to Yahoo the Float for UTEK is 14.3M, and short interest is 30% of this. Since shorted shares have to be borrowed from a "long" who has shares in a margin account, I don't think there would be any additional shares left to short.

I don't understand why the SI is still so high, do the shorts really expect more downside beyond what we have experienced?
-Don



To: Investor2 who wrote (1951)12/28/1997 9:53:00 PM
From: Boca_PETE  Read Replies (1) | Respond to of 3696
 
I2: < RE: Mr. Short >: Suppose a short squeeze in early 1998 rockets UTEK's price past the target price (Say $35 per share for argument sake) to 45, then 50, then 55 .., do you think establishing at "Stop Loss" at some price below it's then current price is a wise strategy in the short term ? If so, with such a volitile stock, what % below it's then current price would you think is reasonable for establishing such a "Stop Loss" to max out on such a parabolic rise in UTEK share price?

P