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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Baghul who wrote (3206)7/13/1998 11:19:00 PM
From: CanynGirl  Read Replies (2) | Respond to of 13953
 
You are forgetting that 80% of the float is owned by institutions. All it takes is a little volume and there is a short squeeze like we've never seen before.

I did see the WSJ article and they make a valid point. Just think if EGRP traded 10x book value ($12). That is just so hard for me to fathom, but is realistic.

They do make money.



To: Baghul who wrote (3206)7/14/1998 9:23:00 AM
From: Oeconomicus  Respond to of 13953
 
Insider shares 9.1 mil, Shorted shares 8.2 mil, Total locked shares 17.3
That leaves us with 22 million shares...

Say what? Actually, shares borrowed and sold short effectively increase the float - the supply of shares that can be held long.


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