Go to Jeff Salisbury LWGate Home Page.From: Gene Ricci <genr@swbell.net>
Subject: Re: [CANSLIM] SHORT SQUEEZE ???
Date: Mon, 25 Nov 2002 11:57:25 -0600
Previous Article (by Subject): RE: [CANSLIM] SHORT SQUEEZE ??? "Mark Kerson"
Top of Thread: [CANSLIM] SHORT SQUEEZE ??? "Winston Little"
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short squeeze=20
1..=20
The pressure on short sellers to cover their positions as a result =
of sharp price increases or difficulty in borrowing the security the =
sellers are short. The rush to cover produces additional upward pressure =
on the price of the stock, which then causes an even greater squeeze. =
Also called squeezing the shorts
----- Original Message -----=20
From: Mark Kerson=20
To: canslim@lists.xmission.com=20
Sent: Monday, November 25, 2002 11:30 AM
Subject: RE: [CANSLIM] SHORT SQUEEZE ???
Hi, are you willing to describe what this is likely to mean for NWRE? =
Does 31% of the float being sold short mean that the price is likely to =
drop as they cover?=20
=20
Thanks, Mark
=20
=20
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Winston Little
Sent: Monday, November 25, 2002 12:19 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] SHORT SQUEEZE ???
=20
A possible short squeeze on Web Link item????
10:14AM Neoware Systems squeeze possibly triggered by IBD mention =
(NWRE) 20.05 +2.30: -- Update -- Advance in stock said to be triggered =
by Investors Business Daily mention that stock has "moved closer to its =
pivot point of $18." ..... the technical breakout above its $19.50 =
one-yr high set Aug 29, which has triggered major short-covering in the =
stock. Almost 31% of co's small 13 mln share float has been sold short.
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<DIV><SPAN class=3Dhw><STRONG><FONT color=3D#003399>short=20
squeeze</FONT></STRONG></SPAN>=20
<P>
<OL>
<LI>
<OL>The pressure on short sellers to cover their positions as a result =
of=20
sharp price increases or difficulty in borrowing the security the =
sellers=20
are short. The rush to cover produces additional upward pressure on =
the=20
price of the stock, which then causes an even greater squeeze. Also =
called=20
<SPAN class=3Dkw><STRONG>squeezing the =
shorts</STRONG></SPAN></OL></LI></OL></DIV>
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<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dmkerson@dplus.net href=3D"mailto:mkerson@dplus.net">Mark =
Kerson</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, November 25, 2002 =
11:30=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] SHORT =
SQUEEZE=20
???</DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><SPAN class=3DEmailStyle20><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN=20
style=3D"FONT-SIZE: 14pt; mso-bidi-font-size: 12.0pt">Hi, are you =
willing to=20
describe what this is likely to mean for NWRE? <SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>Does 31% of the float being =
sold short=20
mean that the price is likely to drop as they cover?=20
<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle20><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt"><![if =
!supportEmptyParas]><![endif]> <o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle20><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN=20
style=3D"FONT-SIZE: 14pt; mso-bidi-font-size: 12.0pt">Thanks,=20
Mark<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle20><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
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style=3D'mso-element:field-end'></span></span></font></span><![endif]--><=
SPAN=20
class=3DEmailStyle20><FONT color=3Dpurple size=3D4><SPAN=20
style=3D"FONT-SIZE: 14pt; mso-bidi-font-size: 12.0pt"><![if =
!supportEmptyParas]><![endif]> <o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><FONT face=3DTahoma color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: bold">From:</SPAN></B> =
<A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A>=20
[mailto:owner-canslim@lists.xmission.com]<B><SPAN =
style=3D"FONT-WEIGHT: bold">On=20
Behalf Of </SPAN></B>Winston Little<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, November 25, 2002 =
12:19=20
PM<BR><B><SPAN style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> [CANSLIM] SHORT =
SQUEEZE=20
???</SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Tempus Sans ITC" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><![if =
!supportEmptyParas]><![endif]> <o:p></o:p></SPAN></FONT></P>
<P><B><FONT face=3D"Tempus Sans ITC" color=3Dblack size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black">A =
possible=20
short squeeze on Web Link item????</SPAN></FONT></B><FONT =
color=3Dblack=20
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
<P><B><FONT face=3D"Tempus Sans ITC" color=3Dblack size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black">10:14AM =
Neoware=20
Systems squeeze possibly triggered by IBD mention (<A =
name=3Dnwre></A><A=20
href=3D"http://finance.yahoo.com/q?s=3Dnwre&d=3Dt"><SPAN=20
style=3D"mso-bookmark: nwre">NWRE</SPAN><SPAN=20
style=3D"mso-bookmark: nwre"></SPAN></A><SPAN=20
style=3D"mso-bookmark: nwre"></SPAN>)</SPAN></FONT></B><FONT =
color=3Dblack=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: black"> 20.05 +2.30: =
- -- Update --=20
Advance in stock said to be triggered by Investors Business Daily =
mention that=20
stock has "moved closer to its pivot point of $18." ..... the =
technical=20
breakout above its $19.50 one-yr high set Aug 29, which has triggered =
major=20
short-covering in the stock. Almost 31% of co's small 13 mln share =
float has=20
been sold short.</SPAN></FONT><FONT color=3Dblack size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P></DIV></BLOCKQUOTE></BODY></HTML=
>
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Previous Article (by Subject): RE: [CANSLIM] SHORT SQUEEZE ??? "Mark Kerson"
Top of Thread: [CANSLIM] SHORT SQUEEZE ??? "Winston Little"
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