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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?


To: David Aegis who wrote (2430)5/6/1998 4:32:00 PM
From: Robert Sievers  Read Replies (1) | Respond to of 3696
 
Maybe a sizable portion of the UTEK short interest belongs to ISI guys who want to make sure they cash in. They short the stock now, don't care where the stock goes from here, and cover with certificates later after the merger. In this way, they can cover anytime after their initial blackout, yet be assured of getting $23/share.