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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: FrozenZ who wrote (28590)	4/9/1999 1:53:00 PM
From: Nazbuster	Respond to of 122087

And I'm sitting here with a short order at 32 1/2 on my screen, under the market at the time, which sat there because I got a phone call... Never hit OK button. AUGHHHHHHH....

To: FrozenZ who wrote (28590)	4/9/1999 11:21:00 PM
From: FrozenZ	Read Replies (3) \| Respond to of 122087

<EFAX> I originally started a short on <efax> this week in anticipation of the usual cnbc kiss of death interview. That is to say, daytraders get on to a stock and then immediately dump it after the interview, we've seen this many times. In this case the stock, efax, did not go down too much after the interview, even though nothing of significance was said. I thought it would drift down over the next few days. The next morning I awoke to find it had gapped up on a b.s. story about giving away free software. It did head down after the opening, but then ran even more on increasing volume. At this point it seemed like a good short since their profitability seems dubious and they seemed highly overvalued. Besides I was still disappointed at missing their first crash from 33 to 18 and below... I didn't want to miss the second bus. Well, today, friday, efax hit a new high for this run, and there is still no news. I can find no news or even credible rumors about it. I don't think this is an organized short squeeze but it could be... that is basically my question to more experienced traders on this thread ... this is either an organized short squeeze, or some sort of huge announcement that hasn't been released to the public yet. Do short squeezes usually have this kind of volume? I mean the MM's can create this kind of volume by trading back and forth... is that something they do. It looks like insiders have filed to sell a lot of shares, but it seemed like the big blocks that I saw today were on the buy side, not the sell side. Big blocks going through on the buy side must mean something significant is going to happen with the company I would think ... anyone care to comment?