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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (3869)	10/11/1998 9:16:00 PM
From: Ronald C. Vinyard	Read Replies (1) \| Respond to of 10081

Mark, here is one place to check short interest.... viwes.com ... and im sure there are others.... and there are some interesting facts to gather from it. Yes, short interest has declined by 500K shares since Aug, and about 30% off the high in July. The short ratio, however, has actually gone up.... due to the fall off in average daily volume. The short ratio (hope I'm using the terminology properly) is Ratio = Shares Short / Avg Daily Volume; since avg daily volume has dropped off from about 1.86M shares in July to .940 in Sept, or about 50% (interesting enough in itself)the ratio is now 2.62 vs. 1.85 in July..... since this represents days to cover ALL the outstanding shorts at average daily trading volume, then one could anticipate 3 days of very steep price increase... once it starts. If one asumes that traders are short all the way from $15 down, then could one also assume that the price could be driven from its present level back to 15 in three trading days? 'Twould be fun to watch!!! BTW, there is nothing even remotely dishonest about shorting stock... any more than there is in betting the "Don't Come" line at the crap tables. -rv