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To: D.Right who wrote (1162)2/27/1998 1:20:00 AM
From: The Gambler  Respond to of 2173
 
>>there can be only one reason for anyone to buy---make some money (well, short-covering would be another if we have that many shares shorted)<<

The problem with this thought, is that a lot of shorts must have occurred during this month on top of the existing ones. I doubt this could be one of the reason considering the price stays relative strong at over $5. BUT, if today activity indeed is short covering, then shorts must be expecting the price to shoot up.

IMHO, it has hit bottom and there, probably, are more shorts this month, but they start to cover on the expectation that the price will start moving up.



To: D.Right who wrote (1162)2/27/1998 11:54:00 AM
From: arnie h  Read Replies (1) | Respond to of 2173
 
D. Right: The Worden Bros.indicator yesterday backs up your view that the seller came first. (You have an appropriate last alias).But considering how much stock was involved, it's a good sign that someone stepped up to the plate and the stock was absorbed without dropping. Sure looks like it is putting in a triple bottom.

One other reason for buying is to get along with your bosses (at times they'll insist on shows of good faith). Another reason is to throw off
"investors and analysts" who are watching insider transactions.

Have a good day,
Arnie