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Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: RoadWarrior who wrote (964)	2/12/1998 1:22:00 PM
From: Arthur Tang	Read Replies (1) \| Respond to of 1911

Thank you, RoadWarrior. AMES' results for year end Jan.27, 1998 already has news release on sales increases, margin increase also is known quarter before last. Presently. large short interest position (800,000+ shares) by market makers delayed technical rebound. Some institution is selling some of their positions; most of them are less than $2-$6/share cost. No bad news expected. When institutions adjusted their cash reserve, we hope to get back to $44/share target. But I do not recommand buying or selling. Zacks did the recommandations.