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Technology Stocks : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (3066)8/13/1998 4:19:00 PM
From: Elroy Jetson  Respond to of 6021
 
Could it be that some persons were short NETA without necessarily being long Solomon. Closing short positions in a thin market like this could cause the pop in price.



To: AlienTech who wrote (3066)8/13/1998 4:21:00 PM
From: Cyclops  Read Replies (3) | Respond to of 6021
 
The shorts are getting shot that's who!!!

Neta had the 12th largest shorts in the market
and got more heavily shorted when it went down
to 42.

Right now, there is a short squeeze and when
the shorts covers like today then Neta will drop
like a stone. Might be a good idea to sell
half of your holdings while the going still
good.

It won't hold in a down market - I can guarantee
that. Sell half and buy it back at lower price.

Regards,

Cyclops


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