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I would be very cautious of trying to analyze the short interest in stocks
trading huge volatility. The last time I looked very little of the short
interest was not matched to option hedges.
BruceB wrote:
> Very true. YHOO and AMZN have already had their short squeezes. I did hear
> that some of the "newer" issues such as Ebay and Broadcom had large short
> positions getting covered.
>
> Bruce
>
> -----Original Message-----
> From: bobskc@xxxxxxxxxxxx <bobskc@xxxxxxxxxxxx>
>
> >Not in YHOO and AMZN, very small short positions in those and in AOL so
> >mostly legitimate buying.
> >
> >Bob
> >
> >At 07:05 PM 11/10/98 -0500, BruceB wrote:
> >>A lot of these "zany" moves can be explained with two words- short
> covering.
> >>
> >>Bruce
> >>
> >>
> >>
> >>>don't you remember the aerospace stocks of the 50's and 60's. Even a
> ladder
> >>>company changed its name to Space Technologies and it ran from .35 to $75
> >>before
> >>>it collapsed. This could be worse, more money chasing these little
> puppies.
> >>Ira
> >>>
> >>>Mosonny@xxxxxxx wrote:
> >>>
> >>>> What do you all think about these zany 'Net stocks, e.g. Yahoo, Amazon
> >>etc.
> >>>> Prices have gone through the roof, especially for Yahoo. Ridiculously
> >>>> overvalued and a mania, or is there something else there that I don't
> >>get?
> >>>>
> >>>> Obviously tough to get in front of the onrushing train, to put on
> shorts,
> >>but
> >>>> it just seems these are incredibly overvalued. Anyone have any ideas
> on
> >>this?
> >>>>
> >>>> Maurice Sonnenwirth
> >>>
> >>>
> >>>
> >>
> >>
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