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

To: peter n matzke who wrote (682)	2/27/1998 3:23:00 PM
From: larry	Read Replies (2) \| Respond to of 1181

Peter, My source showed that short interest increased to close to 3.5 mm shares as of this past Monday. The shorts must have also averaged down again today to pull the price down. The float is about 8.5 mm (IBD information is wrong) and I am pretty sure that at least 4 mm of those shares have been put to work (which mean they will not lend out to shorts). So 3.5 mm out of 4.5 mm are shorted. Isn't that crazy? I can guarantee that there are no insider lending out shares to shorts. That's why I wish that all shareholders call their shares. Shorts will have certain amount of time to cover. Daytraders are jumping back and forth on this issue, and shorts won't easily abandon their position (otherwise it will be a huge huge loss, I mean if he covers all his shorts, he will probably lose $40-60 mm according to today's price). He will rather risk losing $10 or 20 mm more than giving up now which means there will be bumpy road ahead. Anyway, Rome was not built in a day. As long as longs believe in their investment, we will be okay.