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To: Robert K. Sims who wrote (6778)	7/7/1998 8:58:00 PM
From: P. Ramamoorthy	Read Replies (2) \| Respond to of 10786

Re.: Short squeeze? 800,000+ shares in a day is a lot of shares people are willing to sell. Why sell at 15 3/4? Shorts replaced the borrowed shares with cheap shares. The interesting part is the price move is a mere 1 7/16 or so. That's a lot of "controlled" trading in NASDAQ. Ram

To: Robert K. Sims who wrote (6778)	7/7/1998 8:58:00 PM
From: Jeffrey S. Mitchell	Respond to of 10786

Robert, for every buy there is a sell. So, for sake of argument, if we assume that the only buying today was from shorts who were covering, then 400K of the 1M plus are now gone. That still leaves 600K -- a full 50% more than what disappeared today. So, to continue the exercise: If 75% of the buys were from shorts, that leaves the short interest at 700K. If 66% of the buys were from shorts, that leaves the short interest at 733K. If 50% of the buys were from shorts, that leaves the short interest at 800K. If 33% of the buys were from shorts, that leaves the short interest at 867K. If 25% of the buys were from shorts, that leaves the short interest at 900K. Any way you slice it, there's plenty more shorts left for the barbecue (g). - Jeff