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To: 45bday who wrote (1293)3/27/1998 7:22:00 AM
From: Mr Logic  Respond to of 1518
 
Solution
>> the amount of shares that are bought on any given day to cover
short positions<<

I certainly don't have the ability to work that out on a short term basis. You can get monthly figures so work out the trend longer term.
Purely from a money management perspective I would probably cover 25-30% of my short at this level (short at 25.5), to lock in profit and give potential to re-short should the stock run up to 20 or so. But, as I only shorted half as much in the first instance - I was planning to short more on a little run up when it was back in the 20s - I am not covering at all now. I would cover some at $12 or so and let the rest ride. My next judgement will probably be after the Q results come out, considering the market reaction. It is not a science unfortunately!
Best Regards,
P.