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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (9988)	10/31/1998 7:31:00 AM
From: Ditchdigger	Read Replies (2) \| Respond to of 29382

Morning Sergio, I also have wondered about BTGC's high short interest. As you can see, it has been declining for the last 6 consecutive months. But, I am trying to figure out, what arbitrage situation, if any, could exist to keep the short interest high(8.1%+/- 3.2MMsh). Granted the stock has come down from 15.00(+/-) to 4.25(+/-), but has popped nicely. I would have expected to see a larger % drop reported on the Oct 15 tally. Would appreciate your opinion on this, will be gone most the day,but back latter..Seems to me that bio-tech in general is a hot sector right now,considered defensive/yet high growth,some of these bio's are at their 52 week highs,combined with the "low" PE, and small caps being hot,not to mention the potential and past success of the company..(whew, out of breath<g>), it has a good chance,IMO.I wonder also, if some of the recent high volume could be attributed to short covering and bio-mutual funds,fiscal year end buying/selling...latter DD viwes.com