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Re: timhyma post# 11920

Saturday, 12/08/2001 4:50:58 PM

Saturday, December 08, 2001 4:50:58 PM

Post# of 29619
Tim, yes, a short squeeze is when the stock price starts rising and causes the "shorts" to buy in order to cover their position. Also, now that I've seen the table in your link, I understand what your question was about "1 day". That's not a "requirement". It's how long it would take for USIX's shorts to cover based on average trading volume. In other words, as of 11/15 the USIX short position was 3.5M shares. Based on its average daily volume, that's 1 day's trading to cover the shorts. Based on the 10/15 short position, short covering would have taken 3.55 days trading at the average volume to cover the shorts. Hope that all makes sense ... Amuck


Fins Up! ~~~/\~~~
...Amuck

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