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 : SSA (SSAX) BPCS/Client Server -- Ignore unavailable to you. Want to Upgrade?

To: J Walter Jacobs who wrote (386)	1/2/1998 10:10:00 AM
From: IngotWeTrust	Respond to of 915

Nice to meet another TA'er, Walt. While the wholesale bailing out of SSAX several trading days ago was attributable to news, your comment re: shorts and deferred profit-taking mechanism should be noted. For those on this thread who are more fundamentally and technologically oriented... who might not understand this deferred profits from shorting comment of yours, would you kindly consider elaborating on how this works for the benefit of all threaders? Hope you had a pleasant holiday and have a Grrrreat 98! O/49r

To: J Walter Jacobs who wrote (386)	1/2/1998 10:18:00 AM
From: MAURICE J. SADOWSKY	Respond to of 915

Sorry--short interest positions are little to risky for me--just owning the stock is all the risk I am willing to take. In the last three years (split adjusted) its range has been from $30-$3.875). Checked the short interest when it was published last week and as I recall it was about 4.5 or 4.6 million shares (?)--that's off the top of my head. With roughly 45 million shares total -31.1% for Covey, Other Officers--1.4%, Gardiner Lewis Asset Managemt --9.5%, and Mass. Financial --7.8% we have a potential "float" of roughly 22.6 million shares. My data comes from the Dec. 05, 1997 Value Line report and AOL on the number of shares. So if I am incorrect (Please feel free to post any better data), the ratio of shorted shares to available float is roughly 20.4%--a short squeeze is a real possibility in my opinion. That is why I am interested in the status of BPCS 7.0. As I type this I am waiting for Investor Relations to call. Maurice Sadowsky--Chicago