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Non-Tech : Image Entertainment (DISK) -- Ignore unavailable to you. Want to Upgrade?


To: Jim Fraser who wrote (228)11/2/1998 3:22:00 PM
From: William T. Katz  Read Replies (1) | Respond to of 379
 
RE: Shorts

DISK is marginable again and I'd expect to see some pressure here from the shorts trying to keep it down. But if the volume increases a little more and we close at 5 or above, the momentum will definitely be there to try to push this thing back up to previous high. That would be *great* from my perspective since I accumulated a reasonable position at 3-4.

I wonder what is happening with the secondary (i.e. is it closed) now that the stock is well above the maximum offering price. Too bad I can't get in at that price since I'm not a qualified "investor" (i.e. millionaire or other qualifier requiring large net worth). It would be nice to see the shorts get burned on this one like I got burned on Amazon.com :)