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Technology Stocks : SYQUEST -- Ignore unavailable to you. Want to Upgrade?

To: MoonBrother who wrote (5715)	3/1/1998 12:33:00 PM
From: Andrew Shih	Read Replies (1) \| Respond to of 7685

>>Well, read the "* S/A" note. It cleared showed that the average days a short position is covered was about 4.71 days (half of Jan.), which means almost all shorts in Feb were established in late Feb<< Isn't S/A a measure of how long it would take to cover all the shorts? If so, you'll notice that the shares short was flat between 1/98 and 2/98 but that the average daily volume doubled. Hence the S/A was halved. It doesn't look like anyone has covered yet. -Andrew BTW, while I believe that SyQuest is performing better than it has in years from a product point-of-view, the 150+ million shares outstanding means that it will never reach $5 again in my mind...

To: MoonBrother who wrote (5715)	3/1/1998 1:08:00 PM
From: Dale Stempson	Respond to of 7685

Re; >>>Well, read the "* S/A" note. It cleared showed that the average days a short position is covered was about 4.71 days (half of Jan.), which means almost all shorts in Feb were established in late Feb.<<< MoonBrother, Please read the "* S/A" note again and you'll find that they included the formula for computing the number. (* S/A = Shares Short / Avg Daily Volume.) It has nothing to do with when short positions are established or covered. BTW, Short interest has been relatively flat for the last 3 months, but increased 2-1/2 times during the Oct-Nov-Dec quarter after reaching a high of around $6 in October. It would appear that the majority of current shorts are in the $3 to $6 range (which is the approximate trading range for SYQT during last quarter). Regards - Dale