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.

Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (1844)	8/26/1998 11:59:00 AM
From: Q.	Respond to of 3458

Rouble melts down, PM makes Ukraine visit By Adam Tanner MOSCOW, Aug 26 (Reuters) - Russia's rouble plunged more than 40 percent against the German mark on Wednesday and the bewildered central bank declared it could no longer afford to continue major intervention to support the currency. As a growing sense of panic spread among Russians, acting Prime Minister Viktor Chernomyrdin added to public concern by setting off suddenly to Ukraine to meet the leaders of former Soviet republics Ukraine and Belarus. Interfax news agency said he would also talk with the managing director of the International Monetary Fund, the main contributor to a $22.6 billion loan bailout package last month. German Finance Minister Theo Waigel, though, said it was not possible for the IMF, the Group of Seven industrialised nations or the European Union to fix Russia's problems. President Boris Yeltsin did not show up at his Kremlin office on Wednesday, but instead monitored events from his dacha home outside Moscow, the Kremlin said. Citizens, meanwhile, rushed to local banks to withdraw savings, while some stores closed down ...

To: Q. who wrote (1844)	8/26/1998 1:12:00 PM
From: Mike C2	Read Replies (1) \| Respond to of 3458

IBD Short Interest 2,791,207 vs. 2,744,196 +2% Date Volume High/Ask Low/Bid Close 07/15/98 460,100 10 1/16 9 13/16 10 07/16/98 917,100 10 3/4 10 10 11/16 07/17/98 1,127,700 12 10 3/4 11 15/16 07/20/98 2,074,500 13 13/16 12 5/8 13 07/21/98 1,311,100 13 9/16 12 3/8 12 13/16 07/22/98 632,900 12 3/4 12 1/8 12 1/2 07/23/98 827,300 13 15/16 12 3/8 13 3/4 07/24/98 966,400 14 9/16 13 3/8 14 3/8 07/27/98 1,447,900 16 3/4 14 1/4 16 3/4 07/28/98 1,050,900 16 7/8 15 5/16 15 5/16 07/31/98 756,300 17 1/8 15 7/8 17 08/03/98 389,400 16 5/8 15 1/2 15 13/16 08/04/98 11,371,900 12 1/4 5 5/8 10 08/05/98 2,298,300 9 9/16 7 13/16 8 3/8 08/06/98 1,333,200 9 1/4 7 7/8 9 3/16 08/07/98 1,127,900 10 9 3/8 9 11/16 08/10/98 315,500 9 5/8 9 9 1/2 08/11/98 738,300 8 5/8 7 5/8 8 1/2 08/12/98 639,900 9 1/2 8 7/8 8 15/16 08/13/98 463,300 8 5/8 8 8 08/14/98 2,891,300 8 4 13/16 6 1/4 08/17/98 1,203,800 7 5 1/2 6 7/8 08/18/98 995,800 8 1/4 7 1/16 7 3/4 08/19/98 928,400 8 1/2 7 11/16 7 7/8 08/20/98 1,173,000 7 3/16 6 1/8 6 7/8 08/21/98 408,100 7 5/16 6 3/8 7 3/16 08/24/98 246,500 7 1/4 6 3/4 7 1/16 08/25/98 297,900 7 1/4 6 5/8 7 3/16 Assuming the source of short interest is accurate as of the close on 8/14/97, which was a pretty volatile day, there has been no net appreciable covering or expansion. Wish the figure was available more frequently than monthly. Maybe the smart shorters are covered now leaving the lemmings vulnerable? That may have happened to those who followed the Business Week mention on June 8. IMO, increase in float and increase in daily average volume (fewer days to cover) diminishes short squeeze potential. Finally something John G & I can agree on: <We'll know eventually which side of their mouth is telling the truth.> Thanks also, I think, for your annotated translation of the Welt article. John, would you get us a citation for Asensio's assertion of the <UNDP's condemnation>? After messing up on Dr. Ben-Dak re GTI (he left the company when the Compaq folks signed on before the stock ran up), you don't expect reasonable people to swallow everything he says, do you? Mike C.