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Biotech / Medical : HMSC- A simple breast cancer screening device -- Ignore unavailable to you. Want to Upgrade?

To: MaximilianII who wrote (119)	3/24/1998 5:49:00 PM
From: Dante Sinferno	Respond to of 246

<< comment on today's trading activity.>> I looked at the time and sales....2 large blocks , the rest small stuff....as you probably noticed , it broke below 8 for the first time in almost 2 months. <<Is the stock still being shorted.>> New short interest figures due any day now. I presume there are many who are holding out for low 7's , maybe 6ish to cover. Others still who believe in holding out for zero as they believe the product is totally worthless. In any event , I think all we saw today was more people realizing the stock will drift down another point or two before the next "event" that will cause another runup. <<I thought there were no more shares available to borrow. You mentioned Datek in a previous post. Please elaborate.>> It's hard to get a handle on this as we have few contributors to share their experiences on this thread. It's been my experience from reading literally thousands of posts on message boards and my own personal experience with Datek that they damn near "always" have shares available. You can call your own broker and ask if they have shares available without actually making the trade for your own personal information. Joe says he couldn't find any and I can....it's easily possible we are both correct. <<I am also a little curious as to how you correctly speculated that HMSC stock would not stay at the levels it reached just a few weeks ago. >> By listening to the short sellers instead of arguing with them. I don't think the stock will get high enough for me to short it near term. My hunch at this point is that I'll likely go long somewhere in the 6's for the next earnings runup. That's when things will get REAL tricky , interpreting what the sales "should" be at this stage of the game. Good luck , Rob

To: MaximilianII who wrote (119)	3/25/1998 7:36:00 PM
From: joe	Read Replies (2) \| Respond to of 246

short intrest eas posted this morning. it was at 451,000 shs down slightly from 460,000 the previous month. from what i can find after checking with scwab,opco, +m.lynch there is no stock to borrow at this level for short sellers. in fact it is on goldman sachs "hard to borrow" list. I find this a very gutsy and stupid move for short sellers to maintain this position. If the company releases earnings and favorable sales figures in the coming quarter the stock will move higher, additionally if any large wall street firm picks up coverage the stock will move higher, and if any fund decides to take a position the stock will move higher. If i was short this stock i would be scared to death. it moves on no volume and the product is being shipped by pssi as we converse. i believe the 144a insiders that have filed to sell wont do so under $10. also new market makers are slowly entering the box. what do you think?