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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?

To: vestor who wrote (9369)	3/15/1999 3:41:00 PM
From: mannyj	Respond to of 10479

short squeeze won't happen until it hits 23+ and then backs down and then goes up again to new high. then the fun begins

To: vestor who wrote (9369)	3/16/1999 3:57:00 PM
From: David Wise	Respond to of 10479

"Would expect to see higher volume for short squeeze.." Volume last 2 days was over 800,000 each. Short volume was around 1.3 million. I think short covering was a substantial cause for the rise. Most probably assumed that with .34 loss the stock would go down. Marketwatch reported that Osicom stock would probably be beaten down on Friday. Reverse effect probably resulted in some short selling and then many shorts covering. I would expect to see March short volume substantially reduced if we stay at this level and the price holds through March. Weakness in the price could be compounded by new shorts, though.