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Technology Stocks : The Panda Project (PNDA) -- Ignore unavailable to you. Want to Upgrade?

To: Anaxagoras who wrote (1060)4/2/1998 11:47:00 AM
From: Jim Revell  Read Replies (1) | Respond to of 1521
 
All the shorts out there are going to be squeezed in the next little while it appears. Momentum is up and any of you who were going to borrow to short at 5 would be well advised to wait. This will see 7 again in the next few months.



To: Anaxagoras who wrote (1060)4/2/1998 2:31:00 PM
From: Anaxagoras  Read Replies (1) | Respond to of 1521
 
Well, PNDA has already traded more volume than any other day the past year except for August 15, 1997 when 827,500 shares were swapped for a close at 6 3/4.

Watching the tape you just see small retail stuff, not a single large buy.

My guess is we have a short squeeze. Remember that close to 2 million shares were short as of last reckoning.

Now when do I dump this stuff and resume a short?

Anaxagoras


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