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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?


To: LzzrdKing who wrote (3872)1/15/1998 12:42:00 PM
From: VALUESPEC  Read Replies (1) | Respond to of 7396
 
Does anyone want to join me in a short sqeeze? Liz, Mark Shulz?

SKYC has been going up on increasig volume. There is a big short position on this stock and an unbelievable float of only 500,000 according to my estimates. With nothing but good news in the forecast for this company as it achieves likely break-even in the 2Q, this stock is ripe for some nice short-covering.

NASDAQ last had the shorts as being 300,000. A few large stock holders (AT&T, Baron Asset management, Hughes) hold 93% of the stock. A broker in FL, is rumored to have 5% of the stock with his clients. That only leaves 2% for the float !

Am I missing something?

This could be explosive ! Opinions?

I'm short an s&p and long corn and long OPMC, too. I've been long SKYC since $ 7.00

VALUESPEC
valuespec.com