Re: [CANSLIM] DFXI

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] DFXI
Date: Sun, 31 Mar 2002 15:02:15 -0500
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Charley,

DGO indicates 7.7 days ADV was shorted as of the last report. Last =
report was as of March 15, so certainly some of the move over the past 2 =
weeks could have come from covering. However, the bulk of the recent =
price move was made over the mid Feb to mid Mar period, during which =
time the short position increased 5%, but on generally below ADV.

There is no "strike" or expiration period on shorting, unlike options =
which have both. But a short position going up in value can create a Reg =
T call on the acct, requiring additional cash or marginable stocks to be =
deposited, or part/all of the short position to be covered.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----=20
From: Chazmoore@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Sunday, March 31, 2002 10:52 AM
Subject: Re: [CANSLIM] DFXI


Katherine: I feel that you have said something very important and it is =
eluding me. Would you please take a minute and expand your point?=20
By your concern over the timing do you mean that you think the upward =
movement was caused by the Jaffray upgrade? If so, why is that a =
negative?=20
I was aware that about that 20% of the float had been shorted (6 million =
shares) but the information is dated. Wasn't the last strike date March =
15th? The price has moved up since then so maybe the movement was caused =
by covering?=20
Finally, why does a lot of people "watching" concern you?=20

I am not trying to defend this stock believe me. I would really like to =
know more about what appears to me to be subtle points.=20

Charley=20

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<DIV><FONT face=3DArial>Charley,</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>DGO indicates 7.7 days ADV was shorted as of the =
last=20
report. Last report was as of March 15, so certainly some of the move =
over the=20
past 2 weeks could have come from covering. However, the bulk of the =
recent=20
price move was made over the mid Feb to mid Mar period, during which =
time the=20
short position increased 5%, but on generally below ADV.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>There is no "strike" or expiration period on =
shorting,=20
unlike options which have both. But a short position going up in value =
can=20
create a Reg T call on the acct, requiring additional cash or marginable =
stocks=20
to be deposited, or part/all of the short position to be =
covered.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3DChazmoore@aol.com =
href=3D"mailto:Chazmoore@aol.com">Chazmoore@aol.com</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Sunday, March 31, 2002 10:52 AM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] DFXI</DIV></DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>Katherine: I =
feel that=20
you have said something very important and it is eluding me. Would you =
please=20
take a minute and expand your point? <BR>By your concern over the timing =
do you=20
mean that you think the upward movement was caused by the Jaffray =
upgrade? If=20
so, why is that a negative? <BR>I was aware that about that 20% of the =
float had=20
been shorted (6 million shares) but the information is dated. Wasn't the =
last=20
strike date March 15th? The price has moved up since then so maybe the =
movement=20
was caused by covering? <BR>Finally, why does a lot of people "watching" =
concern=20
you? <BR><BR>I am not trying to defend this stock believe me. I would =
really=20
like to know more about what appears to me to be subtle points.=20
<BR><BR>Charley</FONT> </FONT></BODY></HTML>

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