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Technology Stocks : YURI ( YURI SYSTEM ) -- Ignore unavailable to you. Want to Upgrade?

To: SJSharky who wrote (611)	2/24/1998 1:39:00 PM
From: larry	Read Replies (2) \| Respond to of 1181

The weakness of this stock is obviously due to the big bear who began to short this stock since last November. And if you look at the chart carefully, you will notice that he is a very skillful short and seems to be making a living on shorting this issue. Also he seems to have a large fortune to backup his position since he has been averaging down all the time. Whenever YURI makes an upside turn, he shorted with a big chunk at 1/8 or 1/4 lower than the normal bid; whenever YURI is stable at small volume, he is going to sell a small portion at market price... So although the fundamental and market tone of the company looks good, this guy is determined to make YURI chart look bad...Sure the upside pootential will be better and better and his position is getting more dangerous each day since he is averaging DOWN his short position each day...but it will indeed require some help to kill this bear. I believe that if institution buyers pick up (or mass interest increases on this issue), that stubborn bear is gonna lose tons of $$$. I have picked up some more shares today. As for you March 25 option, I am not so sure. But I firmly believe that this issue will get back to high 20s when they report good numbers in Apr. larry