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To: slipnsip who wrote (6754)6/19/1998 11:36:00 AM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 
Again, look at LCOS and XCIT. The second day of the fall isnt that significant. People
try to buy it on the pull back. However, there will be more sellers than buyers.. No more
margin calls or forced short covering at least for now.. Shorts can breath at least for a
couple days.. Should we run back to 80, then whole new series of short covering..

We do have the many of the market makers being short calls and need stock. I still believe it will end at 60 due to the fact late afternoon the positions will be squared.

Glenn



To: slipnsip who wrote (6754)6/19/1998 12:26:00 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
David, you wrote(Should we run back to 80, then whole new series of short covering..)
I don't think you have to worry about another short squeeze for a while at least not for several months. Since there haven't been any shares available and the short list has probably been reduced big time, I wouldn't worry about.
Worry about if the momentum players are finished (Dr. T's of the world) @ least for awhile.


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