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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (978)	4/2/1998 10:50:00 PM
From: Q.	Respond to of 2506

Barbara, re. PNDA, Crane seems to be prone to issuing news releases in bursts, and the stock responds. Then the news releases seem to subside, and the stock slips back down. Right now, it appears we are in the upside of another burst of news releases. The short interest in PNDA is huge. Looking at the most recent Barrons, I see that it ranks no. 3 of all nasdaq stocks for short interest ratio, at 36 days to cover. (Only Ohio Casualty and Hummingbird communication are more ... and I never heard of those companies). This huge short interest ratio surely helps make the stock more volatile, with short covering and call ins adding fuel to the stock rise. Of course, the huge short interest is also an indicator that there are a lot of people who think the co. stinks.