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.

Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: Errick who wrote (11458)	4/24/1999 3:16:00 PM
From: Mike Gold	Read Replies (2) \| Respond to of 25548

Errick-that is what I think. Tuesday should be THE day that everything comes together.(Plus or minus a day or two as always) It should mark the beginning of the short squeeze. Not sure how long the naked shorts will be able to hold out when their naked behinds are suddenly exposed! One or two weeks-no more-I think alot will cover next week. I believe the short postion has been as estimated as high as 50 to 60 million shares in some circles. Hmmm-throw out a few numbers-let see if we assume 3 out the 5 million shares on Friday were buys-and that moved us up about 8 cents----17 times that many shares should move the price up at least by $1.36 or $1.78 share price minimum. However it is not a linear relatonship-if the supply of shares needed to cover can't be met by the existing float-a spike way above that is possible. Oh my!