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Technology Stocks : PERI (Periphonics) -- Ignore unavailable to you. Want to Upgrade?

To: Graham Dellaire who wrote (1160)	4/24/1998 11:21:00 AM
From: Phil Jacobson	Read Replies (2) \| Respond to of 1682

<< If they have then any surprises will get PERI going back up without an huge short position as an anchor. >> Well not exactly...a large short position already in place is not an anchor - it's an opportunity for an upside pop since the selling that created the short has already occurred. If good news is released the shorts try to cover quick and create a short squeeze. Maybe I misread your note? I'm not dying of boredom either - just very perplexed and mad that I bought more on the last uptick when it was 13 3/4. It's in a cycle where good news isn't perceived as all that good until it shows up in the numbers. Latest earnings showed that large increase in sales expense and next quarter has to show a corresponding increase in revenue...or else. Phil