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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Duncan Lestina who wrote (2780)	4/9/1998 12:47:00 AM
From: avenger	Read Replies (1) \| Respond to of 13953

Probably a good move, you bailing. See my other post. Predict a quick bounce up at the open(uptick for shorting, if you can find the shares), then a close of around 21 tomorrow. Still holding my short. The only thing I am concerned about is the "short violation". EGRP currently has too many shares lent out to shorts. Some brokerage firms may need to call them in, if the longs start to bail seriously. This will create a short squeeze, driving the stock up again. I think the reward of trying to cover below 20 is worth the risk, though.