Re: [CANSLIM] KEY

From: "Charles F. Corbit III" <ccorbit@sprynet.com>
Subject: Re: [CANSLIM] KEY
Date: Tue, 26 Aug 1997 17:48:00 -0400

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Thanks Tom and Sam for the explanation.  

Regards,

Charlie


> From: Tom Worley <stkguru@netside.net>
> To: canslim@mail.xmission.com
> Subject: Re: [CANSLIM] KEY 
> Date: Monday, August 25, 1997 8:00 PM
> 
> The 20.7 days refers to the nr of days it would take, at current
> avg daily vol, to buy back enough shares to cover the total short
> position. It is just one more measure of whether the short position
> is growing or shrinking relative to vol. I see the short position,
> esp after growing slightly, as a big plus with the company beating
> estimates today.
> 
> In addition, the company said that, on a pro forma basis, had all
> the acquisitions made in fiscal year 1997 and announced so far
> since the year ended (two more were announced last week) been in
> place for the full year, the revenues would have more than doubled.
> They also said they expected 1998 results to mirror what they did
> in Q4.
> 
> Any statements or opinions are strictly my own and not that of my
> employer. My comments should not be intrepreted as a recommendation
> of any kind. I am a licensed (inactive) broker and an active
> investor. All investors should do their own research prior to any
> investment, especially one learned about on the Internet. Hopefully
> my comments will better inform and educate all investors.
> 
> tom w
> 
> ----------
> > From: Charles F. Corbit III <ccorbit@sprynet.com>
> > To: canslim@mail.xmission.com
> > Subject: Re: [CANSLIM] KEY 
> > Date: Monday, August 25, 1997 5:33 PM
> > 
> > Hello Sam,
> > 
> > >>>Can anyone find the up to date short volume on KEG? They were
> at 20.7
> > days<<<< 
> > 
> > Here are the short interest numbers from WSJ interactive, does
> this help ?
> > 
> > 		08/21/97	07/19/97	% Chg		Avg Dly Volume
> > 				________	________	_____		_______
> > KEY ENERGY
> 
> GROUP		3,970,427	3,403,150	16.7		224,270
> > 
> > 
> > Can you explain short volume and the units that you quoted it in 
> ?  I
> > never quite understood how it how you phrased it, but have seen
> that
> > before.
> > 
> > 
> > Thanks,
> > 
> > Charles F. Corbit III
> > ccorbit@sprynet.com
> > http://home.sprynet.com/sprynet/ccorbit/index.htm
> > 
> > The Soft Tools Company
> > http://www.soft-tools.com
> > 
> > 
> > 

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