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Technology Stocks : IRID - Iridium World Communications IPO Announced! -- Ignore unavailable to you. Want to Upgrade?

To: Larry L who wrote (368)1/14/1998 10:59:00 AM
From: Nero  Respond to of 2693
 
Went long on IRIDF yesterday at 33 1/2 after watching
it since the IPO. Short interest is nice and high --
ripe for a short squeeze. If IRIDF pops above 40, the
shorts will be scrambling.

Here's a table of monthly short interest on IRIDF:

Average
Shares daily
short volume S/A*
12/97 842,474 128,095 6.58
11/97 849,294 559,606 1.52
10/97 683,197 320,249 2.13
09/97 974,377 501,248 1.94
08/97 549,303 571,777 0.96
07/97 229,037 680,590 0.34
06/97 97,766 3,068,259 0.03

* S/A = Shares short/avgerage daily volume;
it may be used as a rough measure of days to cover.



To: Larry L who wrote (368)1/14/1998 4:15:00 PM
From: Mr. Adrenaline  Read Replies (1) | Respond to of 2693
 
Larry,

FLATODAY is not the most accurate. It is a reporting from the Floida Today Newspaper, and is not updated too frequently. Rely on it as a rough guide only.

I've been involved with launches that were two days away, and FLATODAY had them scheduled for months down the road.


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