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Biotech / Medical : Pediatrix Medical Group (PDX) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (231)	3/25/1999 9:17:00 PM
From: Keith Lenart	Read Replies (1) \| Respond to of 431

There's one thing that's for sure, tomorrow will be volatile! There almost definitely will be a short squeeze in the morning. But, I'm not very comfortable going long given that most everyone seems to be bullish now and the stock just popped 70%. "Nimble" traders may be rewarded for riding any gap up in the morning. However, those a little too slow may actually get whipsawed if profit taking ensues creating a strong downdraft. Given that we traded over 3 million shares in this brief afternoon period, we have to assume that at least part of the outstanding short shares have been covered -- Let's say 1 million, leaving about 2 million outstanding. However, I'd guess that at least half of this afternoon's buying was speculative in expectation of a squeeze and these shares will be unloaded by the end of the day tomorrow. Just my $0.02. Good luck to everyone tomorrow.