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To: smallstocks who wrote (4185)1/28/1998 11:42:00 PM
From: Trader X  Read Replies (1) | Respond to of 10786
 
Not always.

You see, I've found in my experience that short sellers almost always do their homework better than longs, due to the risk and costs involved in selling short. And stocks that have an unusually high short position almost invariably sink.

With an ave. daily volume of about 60K shares, 290K represents about 5 days to cover. I would begin to worry if that number moves up to 7 or 8 days ave. volume.

-Kevin



To: smallstocks who wrote (4185)1/29/1998 1:20:00 AM
From: 45bday  Read Replies (1) | Respond to of 10786
 
Where do you find info re the outstanding short position of a stock, and is there a benchmark such as the 7 days or so volume you referenced at which point you would start believing the shorts are correct in their evaluation.