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To: Victor Lazlo who wrote (6120)6/16/1998 10:29:00 AM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Victor, you wrote<I just don't get the short-queeze thing when I do the math. No way.>
This is a busy week for me, but I'll try to explain this to you later this evening. In the meantime if you have the time? Go back to my posts when I started about this squeeeze. I realize that it might have appeared to be coming from some crazy 'chicken little', but you have to admit. I did call it.
Look for the name Jeff Vinik in those posts.



To: Victor Lazlo who wrote (6120)6/16/1998 12:02:00 PM
From: jttmab  Read Replies (2) | Respond to of 164684
 
Victor,

It certainly isn't merely a short squeeze. It seems likely to me that there are three buyers, momentum traders, shorts covering and MF droids. Given that there are no short positions available .... conceivably how many shares are shorted? I'll be curious to see what the short interest is for June when it gets posted.

If the average short closes their position with a 20% loss (reasonable?) you would see a turn in about 4 days. Yes?

Best Regards,
Jim