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To: jeff matakovich who wrote (983)	4/30/1998 2:33:00 PM
From: John Fairbanks	Read Replies (1) \| Respond to of 4230

To my mind the short position thing is really kinda unimportant... yes it could have an impact on price, but "short squeezes" and "MM manipulation" are the calling cards of stocks that don't have a technical leg to stand on in most of the SI threads. Some people I know will avoid a thread simply on matter of principle if they see those things mentioned. What we have here is a company with great fundamentals, a first class online IR package (at: sitra.com ) and they have applied to be a voluntary reporting company. When presenting this company to others these are the things that we should focus on... short positions come and go, MMs do their thing, but fundamentals always win out in the end.

To: jeff matakovich who wrote (983)	4/30/1998 2:36:00 PM
From: flightlessbird	Respond to of 4230

Jeff: The float already HAS been bought up. In fact, there probably exist 2 million excess shares above and beyond the float. That is the short position and yes it will be batted around like a ping pong ball between them. But their resources are not infinite and that is why the buying pressure must continue. The beauty of it is that is why the short squeeze will be so severe. When their clearing firm sees that this is too risky or requires more capital that they can't provide, they will have to go in at market and that is when it gets ugly. Because we ain't selling for awhile and when this shoots past $2 and $2.50, every MM that is short is going to be forced to cover also as THEIR clearing firms demand SIGNIFICANTLY more capital (as a result of the signficantly increased risk of loss) which they will NOT be able to meet. Thus, they will capitulate too. That's what creates the short squeeze and that is why you will see a KTEL move from 6 to 49. Cuz guess what, every day trader and MM that sees this start to happen, they will start buying TGSK too, because they know that these other MMs will HAVE to buy their shares back at a higher price. So then you have short MMs competing with other MMs and traders for shares, driving the price up further. The short MMs have to take what they can get and the other MMs/daytraders know that and will buy in before them for as many shares as they can. Easy, easy money to screw the shorts when a really bad short squeeze begins. Let's hope we get it soon. FWIW tomorrow is my birthday. As a very big present, I would like to see TGSK close at 1.55 and have the shorts sweating all weekend. I am well aware of some significant buying that is expected for next week. :)