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Non-Tech : Radica Games (RADA) -- Ignore unavailable to you. Want to Upgrade?


To: j rector who wrote (3293)3/5/1998 2:28:00 AM
From: chaz  Read Replies (1) | Respond to of 7111
 
J: I don't know what starts a short squeeze except a paucity of shares, but I'd love to see one right here. If you heard the CC, you know the float is about 9 million, so the short interest against that is roughly 10%. I don't know how far a squeeze would carry us because that really doesn't seem like a lot to me. What I mean is that if we get much above our old high, the shorts would be likely to find sellers, and they wouldn't need very many. If you and I can profitably trade for 2 or 3 points up, so can they profit trading down, so I'd expect this to continue for a fairly long way up. Since I believe the positive story, I'm just not going to worry about short positions. Chaz.