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Biotech / Medical : North American Vaccine -- Ignore unavailable to you. Want to Upgrade?

To: Don W Stone who wrote (374)	6/22/1998 8:45:00 AM
From: Don W Stone	Read Replies (1) \| Respond to of 507

SHORTS ARE COVERING BIGTIME Jun 22 1998 8:35AM EDT JUST THE FACTS: SHORT INTEREST: MAY 15- 4,247,957 SHARES JUNE 15- 3,840,183 SHARES COVERED- 407,774 SHARES DROP IN SHORT INTEREST = 9.6% AVE. DAILY TRADING VOL. 45,885 Total shares traded from May 15 thru June 15 1,009,470 shares Days to cover: 84 The shorts were buyers of 40.4% of the shares offered and they bought most of them at the bid not the ask. That is why the stock went down . The volume last week was 242,300 shares . I think we can assume that at least half if not all of the buying was short covering. I think one can assume that any shares offered from now till approval will be sought by shorts. From my viewpoint it is by far the best opportunity they will have to cover no matter what they have to pay. After approval selling will dry up and any analyst coverage will provide a whole stream of new buyers that the shorts will have to compete with and that i guess we can call the inevitable "SHORT SQUEEZE". BUY, BUY, BUY If you have to borrow from your Grandmother do so, but don't SELL. We are just to damn close to our day . :-}