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To: Michael P. Michaud who wrote (1174)12/28/1997 11:46:00 PM
From: Tae Spam Kim  Respond to of 16960
 
Anyone know the exact date that earning will be released in January?

Tae Kim
TJK Market Letter



To: Michael P. Michaud who wrote (1174)12/30/1997 12:26:00 AM
From: Piranha  Read Replies (1) | Respond to of 16960
 
<< The Dec 26 IBD lists the number of short shares increased 421% from Nov 14 to Dec 15. >>

That may be true, but as of the end of November, there were only 21,859 shares short.

viwes.com

Assuming this number was relatively stable during the two weeks prior, a 421% increase of this number only makes for about 92,000 shares. Compare this to the August and Septermber numbers, which were both about 95,000.

The point I was trying to make is that if any major run-up happens on high volume, short covering probably won't be a major factor, since the total short interest could cover in less than a single session.

Piranha