Re: [CANSLIM] DFXI

From: "Tim Fisher" <Tim@orerockon.com>
Subject: Re: [CANSLIM] DFXI
Date: 31 Mar 2002 15:57:15 -0800

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IMO 20 days to cover is a large short position. 7 days is nothing to worry 
about.

At 03:02 PM 3/31/2002 -0500, you wrote:
>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
><mailto:stkguru@bellsouth.net>stkguru@bellsouth.net
>AIM: TexWorley

Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Owner, Fisher Fisheries, Ltd.
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com


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