Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (11370)	7/11/1998 9:36:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 18691

I haven't played EGGS at all but I looked at it today with a thought to going long. Problem is, EGGS has a float of 12 million with about 10% short interest. The other Internuts which soared - YHOO, AMZN, LCOS, etc. - all had much smaller floats and much higher short interests. Same problem for TAVA longs. The share dilution created a large float and made squeezes much harder. Unless there is serious institutional buying of EGGS - which could happen - it will have a hard time running. The EGGS float is about 10x KTEL's float. Right now 65 institutions hold 58% of EGGS (though I'm never sure if that % is of all shares or just the float). Could be a "follow the leader" trend as fund managers join the parade. Thoughts anyone?