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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (6626)	1/31/1998 10:35:00 AM
From: R. Gordon	Read Replies (1) \| Respond to of 14162

Herm, I had been away for a while, could you explain about short interest and short squeeze. Thanks, Richard

To: Herm who wrote (6626)	2/1/1998 1:23:00 PM
From: R. Gordon	Read Replies (1) \| Respond to of 14162

Hi Herm, >>>ROST has bottomed and may signal a switch sometime soon! Averaging down or picking up leaps or 6 month Calls might be a bargain at this stage. Short interest increased by +14% this past month to 730,706 shares at 334,200 average shares per day. So, that is about two days worth of short squeeze!<<< Help me out here - this is the info I pulled up on ROST short interest: Short Interest on NASDAQ Stocks Company Name Month Shares Short Avg Daily Volume SA* ROST 01/98 730,706 334,208 2.19 12/97 703,104 338,254 2.08 11/97 882,140 323,427 2.73 10/97 1,143,771 336,378 3.40 * S/A = Shares Short / Avg Daily Volume; it may be used as a rough measure of days to cover. Remark: S - stock split, N - new issue