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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?


To: pat mudge who wrote (4896)6/3/1998 9:20:00 PM
From: Ian@SI  Read Replies (2) | Respond to of 18016
 
Re: Pulling stocks out of street name to squeeze the shorts.

There's about 180,000,000 shares outstanding. Let's say that 1000 of us withdraw 2000 shares each. That's about 1.1% of the outstanding shares.

My reaction: Big Deal.

The larger the short interest, the more bullish it is for the stock. Those shares will be repurchased sometime. ... and hopefully at a much higher price than today.

FWIW,
Ian.