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


To: MAURICE J. SADOWSKY who wrote (394)1/5/1998 5:39:00 PM
From: J Walter Jacobs  Read Replies (1) | Respond to of 915
 
Technically, this co. still looks very strong. There are 3.7 million shares short that have to cover sometime. It would take ten days of trading at today's volume for all the shorts to cover. Of course, the momentum players would be on it instantly adding to the volume. It could begin very rapidly with dramatic effect. Another co. with similar short interest is AGPH which was up more than four points today, mostly in the last hour. Volume for SSAX is still low although it seems to be picking up and the upward momentum seems to be gaining strength. This is just my opinion based on my reading of the technical indicators... not the fundamentals of the co.

Walt Jacobs