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Re: JimLur post# 24752

Tuesday, 05/13/2003 1:28:40 PM

Tuesday, May 13, 2003 1:28:40 PM

Post# of 432659
Jim, IDCC is NOT at a new high. The high was set in 2000 and is $82. For all we know, some shorts decided not to close out their position in the $4 range. Their short positions could still be wildly profitable at $26/share so you are jumping to conclusions when you state:

"The stock is at a new high so the short sellers went short below this price."

Just a little reality check before you get too carried away celebrating the new "high". If you want to qualify that and call it a new 3 year high then that's fine with me, but a new high, it's not.

Once

The best way to convince a fool that he is wrong is to let him have his own way.

~ ~ ~ Josh Billings

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