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To: Gurupup who wrote (2231)	1/27/1998 6:54:00 PM
From: j rector	Read Replies (1) \| Respond to of 7111

given the current number and the amount of trading activity on 1/13-1/16, it would appear that the short position is, like you said, enormous--probably on the order of 15% of the entire float. On the good side, I can't imagine that this particular shorter has more bullets in his gun. I don't think he'll have alot of company on that side.

To: Gurupup who wrote (2231)	1/27/1998 8:47:00 PM
From: Hank	Respond to of 7111

I see this news of a huge short position as extremely good news for us longs! Imagine how far the price will get driven up when the rats start to run for cover! I can't wait until Q1 results come in.

To: Gurupup who wrote (2231)	1/28/1998 10:52:00 AM
From: Zirdu	Read Replies (1) \| Respond to of 7111

Skipard, thanks for the explanation to the effect that short interest figures that are "as of 1/15", for example, do not include the trades done on 1/13, 1/14 or 1/15. From the 3 day settlement rule, I assume. Makes sense. But I had assumed (wrongly, apparantly), that when they gave the figures "as of the 15th" of the month, that they had already taken the 3 day settlement rule into account. (so they would have to wait for the close of trading on the 18th, at the earliest to know the figures as of the 15th.) Glad to know finally how it works. RR