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To: RDH who wrote (290)6/2/1998 10:11:00 AM
From: RDH  Respond to of 728
 
Well, it looks like the spurt up at the opening was due to shorts taking profit. Evidently they looked at the closing price and said its time to take profit.

Well, good for them. But even better for us that are still short. Well, slightly, slightly better for us, for not really significant volume. It looks like there were some buy to covers -- the market maker snapped them up, took the price up a bit for some nice market maker profit (about 7,000 shares were able to be sold at the inflated price) and then brought it back down to its real level (25 1/16). Now hopefully we will see a further decline.

-RDH.