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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (1187)	6/25/1998 12:51:00 AM
From: Bill Wexler	Read Replies (4) \| Respond to of 4634

With 23 million shares outstanding and 18 million in the float, the current short interest in TAVA accounts for 2.5% of all shares outstanding and 3.2% of the float. With an average daily volume of over 600,000 shares, that means it would take less than a day to cover the entire short interest. Contrast that with Zitel, which has consistently had over 30% of its float short since late 1996 - and it still collapsed from 72 to 4, despite the never ending threats of short-squeezes and big deals around every corner. All the current short interest and float size relative to shares outstanding tells me is that it is highly unlikely that a short-seller will experience a rapid squeeze/buy-in and that it is extremely easy to find shares to borrow. I couldn't ask for a better scenario to short into.