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To: timbur who wrote (5268)	7/13/1998 1:37:00 PM
From: Paul A	Respond to of 16960

My guess is that the majority of shorts (professional shorts that is) have positions in the $25-30 area. This would explain how they could be so bold as to hold even when the price dropped below $16 on several occasions. Thats why im putting so much into the $20 number because that would be the point where they need to take a hard look at wether to continue to hold or not. If earnings are fantastic, and we gap from $16-17 to say $22-24, the shorts can STILL have time to cover and walk away with money but if we close wed. above $20, a short would have less of an opportunity to cover if the gap is huge. shorts have had the upper hand for the last 2 months without argument, but after seeing todays action its obvious they are lossing their momentum. We are currently at 19 1/4 by 19 3/8 realtime. The bid size is huge.. wait, make that 19 5/16 by 19 7/16 20 20 20 20 20 just keep saying it

To: timbur who wrote (5268)	7/13/1998 1:50:00 PM
From: timbur	Read Replies (2) \| Respond to of 16960

Permedia 3 announced today. This is ripped from OGR (www.ogr.com): "3Dlabs today announced the successor to the Permidia 2 2D/3D chipset, the Permidia 3. With impressive specs like a 250 million texel/sec fill rate, enchanced delta triangle setup engine with a peak 8M triangles/sec, bump mapping, tri-linear mip-mapping, Virtual Texturing, and more, this is going to be one to watch. Chips are expected to go on sale in the second half of this year at $45 per 100,000. We'll have more details as they become available.[11:00 AM ET]" Cheers, Tim 20 20 20 20 20 20 20 20 20