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Technology Stocks : Research Frontiers (REFR) -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (1148)10/17/1998 5:40:00 PM
From: N. Dixon  Read Replies (1) | Respond to of 50715
 
Barb,

This stock is very thinly traded. On some days volume will be under 10,000. Shorts have a pattern of hitting the stock strategically, so that it is not the amount that is short but when and how it is orchestrated. Brokers have told me that they now know exactly how to time their purchases based on who is at the bid and offer and how they work the stock. My friends and I also take advantage of this to catch the dips.

Anyone trying to cover just 310,000 will find it difficult. The ratio is over 5 days and if you have news and buyers jumping in from the sidelines then 310,000 is going to seem like an awful lot of shares to cover.

Again we can speculate until we're blue in the face. I think you and I can both agree that the outcome will be contingent on the success of SPD products and that this success will need to be in the near term. I can wait until then. I am long the stock and have completed my transactions. I am satisfied with the information that I have that I have made the correct assessment. Time will tell.

ND