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Strategies & Market Trends : Zen Piffing -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (43)5/17/1999 6:18:00 PM
From: James C. Mc Gowan  Read Replies (1) | Respond to of 173
 
IATV: James and Ms. X: looks like stock is basing after recent runup from single digits to 25;.
Question: when a stock like IATV, which had a very large short position(1.1M shares or 8.2% of float in April) looks good on your charts, is there any way to factor in the short position, from a TA standpoint? Or just consider it as part of the potential risk/reward of the trade?
BTW: my waiter at a nice Italian restaurant in North Beach(Little Italy) in SF, recently touted IATV to me when it was in the low teens, before run up to 25 +/-; seems he gets his tips from MSDW group that has a weekly luncheon there; today, everybody has a tip!
Always enjoy your posts, both of you.
Regards
James