Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?

To: Annette who wrote (3583)	1/8/1999 12:46:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 27722

Annette, and don't sit back down, hopefully it won't be long before we can do the wave thing <g> Regards, Tom

To: Annette who wrote (3583)	1/8/1999 1:14:00 PM
From: A-MAN	Read Replies (2) \| Respond to of 27722

This stock has a float of 6.6 MM, the 2 days after thanksgiving, 50 MM shares were traded. My guess is the market makers were naked short because they sold a lot of shares in the 20s that they didn't have. It took them probably a month or so to "digest" those shares, noticed that the daily volume in the month of Dec was 1-2 MM per day, which is high for a float of 6.6 MM. Now that the market makers have covered most of those naked shorts, they are ready to let it run again. In addition, we have a legit short of 1.9 MM (as of Dec 8) and with a float of 6.6 MM, could make for some real good short squeeze. We have already traded 6 MM so far today. Bottom line, this thing is very volatile, can go up and down real fast. Hang on for the ride.