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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX) -- Ignore unavailable to you. Want to Upgrade?

To: Curtis E. Bemis who wrote (112)	12/20/1998 11:12:00 PM
From: MeDroogies	Read Replies (2) \| Respond to of 1983

I am thinking of going long on this puppy. Several friends of mine own it. A friend of mine works at the law firm that took it public, and she loves it... I agree that the debt is a problem...but they've had upside earning surprises, and revenues are growing rapidly. In addition...I think there has been a serious short squeeze in effect for some time. It looks likely to continue for a while. I don't know how many shares are in the float, but I estimated about 4 mill (correct me if I'm wrong). The short interest has been in the 2-3 mill range for 3 months!!!! Average cover has been about 4-6 days. This is a serious problem for shorts in a high flyer like this. Anyone have any other thoughts?