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Biotech / Medical : Eclipse Surgical Tech (ESTI) -- Ignore unavailable to you. Want to Upgrade?


To: Tom Hua who wrote (38)3/18/1998 5:02:00 PM
From: taLuis  Read Replies (2) | Respond to of 103
 
The MM's have been squeezing the shorts for days now. The more they short, the more the MM's squeeze. Shorts aren't getting much out of this situation.

Apparently, this stock has too many trigger-happy shorts ready to cover. If I had recognized this situation earlier, I would have gone long on the dip to 10 1/2 a few days ago. I would have made a bundle.

Eventually the MM's will capitulate. However, the longer they hold out, the more dangerous it gets for the shorts (i.e., the potential for more good news to justify the higher stock price).

Good luck to you.

Luis